Gartner, Inc. $IT Shares Bought by Forsta AP Fonden

Forsta AP Fonden grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 96.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,700 shares of the information technology services provider’s stock after purchasing an additional 17,000 shares during the period. Forsta AP Fonden’s holdings in Gartner were worth $8,754,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Physician Wealth Advisors Inc. increased its position in Gartner by 143.9% during the 4th 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. Rakuten Securities Inc. grew its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 99 shares during the period. Entrust Financial LLC acquired a new stake in shares of Gartner in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Gartner in the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management grew its holdings in shares of Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

IT stock opened at $162.45 on Monday. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $437.84. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day moving average price is $154.16 and its 200 day moving average price is $189.75. The firm has a market cap of $10.88 billion, a P/E ratio of 16.05, a PEG ratio of 0.89 and a beta of 0.94.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the company earned $2.98 EPS. Gartner’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a report on Wednesday, February 4th. Wells Fargo & Company lowered their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. UBS Group upped their price target on Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. 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 stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $176.70.

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.