Gartner, Inc. $IT Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Gartner, Inc. (NYSE:IT) by 82.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 39,963 shares of the information technology services provider’s stock after selling 185,904 shares during the period. Assenagon Asset Management S.A.’s holdings in Gartner were worth $6,328,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IT. Cresset Asset Management LLC lifted its position in shares of Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares in the last quarter. Horizon Investments LLC grew its position in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after purchasing an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Gartner by 8.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after buying an additional 68 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 0.1%

IT stock opened at $135.11 on Monday. The firm has a market cap of $9.05 billion, a PE ratio of 13.35, a PEG ratio of 0.74 and a beta of 0.94. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $409.76. The company has a fifty day simple moving average of $151.15 and a 200 day simple moving average of $178.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $2.98 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts anticipate that Gartner, Inc. will post 13.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. Royal Bank Of Canada cut their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday. Finally, Morgan Stanley lowered their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $174.10.

About Gartner

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.