Gartner, Inc. $IT Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its position in shares of Gartner, Inc. (NYSE:IT) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,274,648 shares of the information technology services provider’s stock after purchasing an additional 339,500 shares during the quarter. Goldman Sachs Group Inc. owned 1.77% of Gartner worth $321,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IT. Independent Franchise Partners LLP acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $840,166,000. Capital International Investors acquired a new stake in shares of Gartner during the 3rd quarter worth approximately $820,113,000. Norges Bank acquired a new stake in shares of Gartner during the 4th quarter worth approximately $299,576,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after purchasing an additional 1,025,010 shares during the period. Finally, Bamco Inc. NY grew its stake in shares of Gartner by 18.3% during the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after purchasing an additional 669,352 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 0.5%

Shares of IT stock opened at $164.09 on Friday. The stock’s fifty day moving average is $155.37 and its two-hundred day moving average is $187.87. 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 firm has a market capitalization of $10.99 billion, a P/E ratio of 16.21, a PEG ratio of 0.91 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $430.19.

Gartner (NYSE:IT) last announced its quarterly earnings data 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 company 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%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research 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 have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research report on Tuesday, May 5th. UBS Group increased their target price on Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Truist Financial decreased their target price on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Royal Bank Of Canada decreased their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. 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. According to data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $176.70.

Gartner Company 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.