Gartner, Inc. $IT Stock Position Boosted by HB Wealth Management LLC

HB Wealth Management LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 214.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,753 shares of the information technology services provider’s stock after buying an additional 4,606 shares during the period. HB Wealth Management LLC’s holdings in Gartner were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Gartner in the first quarter valued at approximately $583,000. Private Advisor Group LLC raised its holdings in Gartner by 16.3% during the first quarter. Private Advisor Group LLC now owns 1,879 shares of the information technology services provider’s stock worth $298,000 after purchasing an additional 263 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Gartner by 64.8% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 43,836 shares of the information technology services provider’s stock worth $6,941,000 after purchasing an additional 17,230 shares during the period. Crown Oak Advisors LLC boosted its stake in Gartner by 0.8% during the 1st quarter. Crown Oak Advisors LLC now owns 23,361 shares of the information technology services provider’s stock valued at $3,699,000 after purchasing an additional 177 shares in the last quarter. Finally, USS Investment Management Ltd boosted its stake in Gartner by 6.2% during the 1st quarter. USS Investment Management Ltd now owns 15,989 shares of the information technology services provider’s stock valued at $2,531,000 after purchasing an additional 932 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IT. Morgan Stanley dropped their price objective 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. 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 research note on Wednesday, May 6th. Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Barclays dropped their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Finally, UBS Group lowered their price objective on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $174.10.

Gartner Stock Performance

IT opened at $134.59 on Thursday. 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 firm has a market cap of $9.01 billion, a PE ratio of 13.30, a P/E/G ratio of 0.78 and a beta of 0.97. The business has a fifty day simple moving average of $148.15 and a 200-day simple moving average of $172.11. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $401.60.

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