Gartner, Inc. $IT Holdings Lifted by Capital International Investors

Capital International Investors lifted its stake in Gartner, Inc. (NYSE:IT) by 28.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,004,093 shares of the information technology services provider’s stock after acquiring an additional 884,250 shares during the period. Capital International Investors owned 5.56% of Gartner worth $1,010,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Gartner by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after acquiring an additional 509,902 shares during the period. Bamco Inc. NY lifted its stake in shares of Gartner by 18.3% in 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 acquiring an additional 669,352 shares during the period. State Street Corp lifted its stake in shares of Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares during the period. Independent Franchise Partners LLP acquired a new stake in shares of Gartner in the 3rd quarter worth approximately $840,166,000. Finally, Sustainable Growth Advisers LP lifted its stake in shares of Gartner by 26.3% in the 3rd quarter. Sustainable Growth Advisers LP now owns 1,466,771 shares of the information technology services provider’s stock worth $385,570,000 after acquiring an additional 305,258 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Down 0.5%

NYSE IT opened at $164.09 on Friday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $430.19. 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 has a market cap of $10.99 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. The firm’s 50 day moving average price is $155.37 and its two-hundred day moving average price is $187.87.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted $2.98 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on IT shares. Wells Fargo & Company reduced their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. UBS Group upped their price target on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Barclays dropped their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.