Gartner, Inc. $IT Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,606 shares of the information technology services provider’s stock after selling 9,860 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Gartner were worth $6,712,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Gartner by 5.3% during the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after purchasing an additional 509,902 shares during the last quarter. Bamco Inc. NY boosted its holdings in shares of Gartner by 18.3% during the third 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 last quarter. State Street Corp boosted its holdings in shares of Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after purchasing an additional 96,809 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Gartner during the third quarter worth $840,166,000. Finally, Capital International Investors acquired a new stake in shares of Gartner during the third quarter worth $820,113,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IT. Wells Fargo & Company decreased their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada decreased their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Barclays reduced their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. UBS Group lifted their target price on Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley reduced their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Price Performance

Shares of Gartner stock opened at $164.09 on Monday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $430.19. The stock has a market capitalization of $10.99 billion, a P/E ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The business’s fifty day moving average price is $155.37 and its 200 day moving average price is $187.60.

Gartner (NYSE:IT) last issued its 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. 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 analysts’ expectations of $1.51 billion. During the same quarter last year, the firm earned $2.98 earnings per share. The firm’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, research analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current 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.