Andra AP fonden Grows Stock Holdings in Gartner, Inc. $IT

Andra AP fonden raised its position in shares of Gartner, Inc. (NYSE:IT) by 121.6% during the fourth quarter, HoldingsChannel reports. The firm owned 121,920 shares of the information technology services provider’s stock after purchasing an additional 66,914 shares during the period. Andra AP fonden’s holdings in Gartner were worth $30,758,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC purchased a new stake in Gartner during the fourth quarter valued at about $3,516,000. CWM LLC increased its holdings in shares of Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after buying an additional 26,734 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after buying an additional 13,493 shares during the period. Weitz Investment Management Inc. increased its holdings in shares of Gartner by 22.1% in the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock worth $28,226,000 after buying an additional 19,450 shares during the period. Finally, Barclays PLC increased its holdings in shares of Gartner by 10.6% in the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after buying an additional 24,116 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 4.2%

NYSE IT opened at $148.45 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $9.94 billion, a PE ratio of 14.67, a PEG ratio of 0.85 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $416.74. The business’s 50-day moving average is $155.20 and its 200 day moving average is $185.57.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company decreased their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Barclays decreased their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.