Black Creek Investment Management Inc. Boosts Stock Position in Gartner, Inc. $IT

Black Creek Investment Management Inc. increased its holdings in Gartner, Inc. (NYSE:IT) by 400.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,904 shares of the information technology services provider’s stock after buying an additional 7,924 shares during the period. Gartner accounts for approximately 0.1% of Black Creek Investment Management Inc.’s portfolio, making the stock its 23rd largest holding. Black Creek Investment Management Inc.’s holdings in Gartner were worth $2,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Physician Wealth Advisors Inc. raised its position in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Gartner in the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Gartner in the fourth quarter worth $28,000. Finally, Activest Wealth Management raised its position in shares of Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IT. UBS Group lowered their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. Morgan Stanley dropped their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Barclays dropped their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus target price of $176.10.

Gartner Trading Down 0.5%

Shares of IT stock opened at $148.07 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The business has a 50-day moving average price of $155.07 and a two-hundred day moving average price of $185.30. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $413.26. The firm has a market cap of $9.91 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94.

Gartner (NYSE:IT) last issued its quarterly 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. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the company posted $2.98 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Gartner Company 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.