Counterpoint Mutual Funds LLC Purchases New Stake in Gartner, Inc. $IT

Counterpoint Mutual Funds LLC acquired a new stake in shares of Gartner, Inc. (NYSE:IT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,682 shares of the information technology services provider’s stock, valued at approximately $583,000.

Other hedge funds also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. grew its holdings in shares of Gartner by 143.9% during 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 last quarter. DV Equities LLC acquired a new stake in shares of Gartner during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $26,000. Finally, Bell Investment Advisors Inc boosted its position in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays lowered their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. UBS Group cut their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Wells Fargo & Company reduced their price target on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Royal Bank Of Canada lowered 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 report on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $174.10.

Gartner Stock Performance

Shares of IT stock opened at $136.08 on Friday. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $403.95. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.75 and a beta of 0.97. The business has a 50 day simple moving average of $148.89 and a 200 day simple moving average of $174.98.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $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. On average, equities research analysts anticipate that Gartner, Inc. will post 13.65 EPS 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.