BNP Paribas Financial Markets Has $112.07 Million Position in Gartner, Inc. $IT

BNP Paribas Financial Markets lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,215 shares of the information technology services provider’s stock after purchasing an additional 89,711 shares during the quarter. BNP Paribas Financial Markets’ holdings in Gartner were worth $112,067,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Cresset Asset Management LLC raised its position in shares of Gartner by 3.3% during 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 during the period. Horizon Investments LLC raised its position 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 worth $312,000 after purchasing an additional 51 shares during the period. Shell Asset Management Co. raised its position in shares of Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after purchasing an additional 54 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of 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 worth $268,000 after purchasing an additional 56 shares during the period. Finally, Physician Wealth Advisors Inc. raised its position in shares of Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 0.2%

IT stock opened at $162.45 on Monday. 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 $154.16 and a two-hundred day moving average price of $189.75. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 0.89 and a beta of 0.94. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $437.84.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s revenue 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. Analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Analyst Ratings Changes

IT has been the topic of a number of research analyst reports. Truist Financial dropped their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. UBS Group increased their price objective on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley decreased their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus target price of $176.70.

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.