Gartner, Inc. $IT Shares Sold by Fisher Funds Management LTD

Fisher Funds Management LTD reduced its holdings in Gartner, Inc. (NYSE:IT) by 93.2% during the 1st quarter, Holdings Channel reports. The fund owned 11,035 shares of the information technology services provider’s stock after selling 151,579 shares during the period. Fisher Funds Management LTD’s holdings in Gartner were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in shares of Gartner during the fourth quarter worth $309,000. Sivia Capital Partners LLC purchased a new stake in Gartner in the second quarter valued at $336,000. Cresset Asset Management LLC boosted its holdings in Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. grew its position in Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Price Performance

NYSE:IT opened at $127.65 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. Gartner, Inc. has a 52 week low of $126.17 and a 52 week high of $409.76. The stock’s 50-day moving average price is $153.15 and its 200-day moving average price is $181.57. The stock has a market capitalization of $8.55 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts expect that Gartner, Inc. will post 13.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent research reports. The Goldman Sachs Group set a $162.00 target price on Gartner in a research note on Tuesday, May 5th. Barclays lowered their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. 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. Wells Fargo & Company decreased their target price 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. Finally, UBS Group lowered their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $176.10.

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.