Gartner, Inc. $IT Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Gartner, Inc. (NYSE:IT) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,580 shares of the information technology services provider’s stock after selling 8,904 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Gartner were worth $4,367,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cresset Asset Management LLC increased its stake in shares of Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 47 shares in the last quarter. Horizon Investments LLC boosted its position in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after purchasing an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Gartner by 8.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 68 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IT has been the subject of a number of recent analyst reports. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Morgan Stanley cut their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research report on Tuesday, May 5th. Royal Bank Of Canada decreased their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Barclays cut their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.10.

Gartner Stock Down 1.4%

Shares of IT opened at $125.76 on Tuesday. The stock has a 50 day moving average price of $152.71 and a 200 day moving average price of $180.84. Gartner, Inc. has a one year low of $124.25 and a one year high of $409.76. 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 capitalization of $8.42 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.70 and a beta of 0.94.

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. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $2.98 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts forecast that Gartner, Inc. will post 13.65 earnings per share for the current fiscal year.

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.