OP Asset Management Ltd Acquires New Position in Gartner, Inc. $IT

OP Asset Management Ltd bought a new position in Gartner, Inc. (NYSE:IT) in the first quarter, according to its most recent filing with the SEC. The firm bought 7,841 shares of the information technology services provider’s stock, valued at approximately $1,242,000.

Several other large investors also recently bought and sold shares of the stock. Cresset Asset Management LLC raised its holdings 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 buying an additional 47 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of 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 buying an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 56 shares during the period. Physician Wealth Advisors Inc. raised 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 worth $25,000 after acquiring an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised 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 worth $212,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley cut their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their target price 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 cut their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. UBS Group reduced their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Finally, Barclays decreased their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $174.10.

Gartner Stock Performance

Shares of IT stock opened at $133.18 on Tuesday. The stock has a market cap of $8.92 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. The business has a 50-day simple moving average of $150.70 and a 200-day simple moving average of $177.35. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $409.76.

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. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities analysts expect that Gartner, Inc. will post 13.65 EPS for the current year.

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.