Bessemer Group Inc. Has $3.23 Million Stock Position in Gartner, Inc. $IT

Bessemer Group Inc. reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 97.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,382 shares of the information technology services provider’s stock after selling 759,968 shares during the quarter. Bessemer Group Inc.’s holdings in Gartner were worth $3,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IT. Allspring Global Investments Holdings LLC boosted its holdings in shares of Gartner by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,483 shares of the information technology services provider’s stock worth $694,000 after acquiring an additional 638 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Gartner in the first quarter valued at approximately $1,633,000. Wealthfront Advisers LLC raised its position in shares of Gartner by 114.1% in the first quarter. Wealthfront Advisers LLC now owns 39,695 shares of the information technology services provider’s stock valued at $6,285,000 after buying an additional 21,151 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Gartner in the first quarter valued at approximately $1,349,000. Finally, Sanctuary Advisors LLC boosted its stake in shares of Gartner by 27.9% in the first quarter. Sanctuary Advisors LLC now owns 4,475 shares of the information technology services provider’s stock valued at $709,000 after buying an additional 976 shares during the period. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on IT shares. UBS Group lowered their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Barclays decreased their price target 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. Wells Fargo & Company cut their price objective on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Gartner has an average rating of “Hold” and an average price target of $173.10.

Gartner Stock Down 4.5%

NYSE IT opened at $134.76 on Wednesday. The business has a fifty day moving average price of $145.35 and a two-hundred day moving average price of $164.84. The stock has a market capitalization of $9.02 billion, a PE ratio of 13.32, a PEG ratio of 0.78 and a beta of 0.97. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $360.49. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT) last issued its quarterly earnings results 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 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 company posted $2.98 EPS. The company’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. Equities analysts expect that Gartner, Inc. will post 13.61 earnings per share for the current fiscal 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.