Gartner, Inc. $IT Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its position in shares of Gartner, Inc. (NYSE:IT) by 49.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,368 shares of the information technology services provider’s stock after selling 6,184 shares during the period. Banque Cantonale Vaudoise’s holdings in Gartner were worth $1,009,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its position in shares of Gartner by 36.8% during the 1st quarter. Krilogy Financial LLC now owns 6,113 shares of the information technology services provider’s stock valued at $951,000 after acquiring an additional 1,644 shares during the period. Bell Investment Advisors Inc raised its holdings in Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 74 shares during the period. SG Americas Securities LLC boosted its position in Gartner by 7.5% during the first quarter. SG Americas Securities LLC now owns 65,792 shares of the information technology services provider’s stock worth $10,418,000 after purchasing an additional 4,602 shares in the last quarter. Evolve Private Wealth LLC boosted its position in Gartner by 5.5% during the first quarter. Evolve Private Wealth LLC now owns 3,419 shares of the information technology services provider’s stock worth $541,000 after purchasing an additional 178 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in Gartner by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,452 shares of the information technology services provider’s stock valued at $2,889,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target 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. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research note on Tuesday, May 5th. Finally, Barclays reduced their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $174.10.

Gartner Price Performance

Shares of NYSE IT opened at $135.11 on Friday. The firm has a 50-day simple moving average of $151.15 and a 200-day simple moving average of $178.37. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. 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 $124.25 and a 52 week high of $409.76.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company earned $2.98 EPS. Gartner’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities analysts predict that Gartner, Inc. will post 13.65 earnings per share for the current fiscal year.

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.