Gartner, Inc. $IT Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Gartner, Inc. (NYSE:IT) by 64.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 43,836 shares of the information technology services provider’s stock after acquiring an additional 17,230 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gartner were worth $6,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moran Wealth Management LLC acquired a new position in Gartner in the 4th quarter valued at $3,516,000. CWM LLC boosted 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 valued at $14,553,000 after acquiring an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Gartner by 111.7% during 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 acquiring an additional 13,493 shares during the period. Barclays PLC raised its holdings in Gartner by 10.6% during the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after purchasing an additional 24,116 shares in the last quarter. Finally, Laurus Global Equity Management Inc. increased its position in Gartner by 135.0% during the 4th quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock worth $8,643,000 after purchasing an additional 19,680 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays reduced their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Weiss Ratings cut shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada cut their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. UBS Group reduced their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, Wells Fargo & Company decreased their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $174.10.

Gartner Price Performance

IT stock opened at $136.08 on Monday. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.75 and a beta of 0.97. 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 $403.95. The stock’s fifty day simple moving average is $148.89 and its 200-day simple moving average is $174.48.

Gartner (NYSE:IT) last released 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 business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. 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. Equities research analysts expect that Gartner, Inc. will post 13.65 EPS for the current year.

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.