California Public Employees Retirement System Sells 74,747 Shares of Gartner, Inc. $IT

California Public Employees Retirement System decreased its holdings in shares of Gartner, Inc. (NYSE:IT) by 37.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,773 shares of the information technology services provider’s stock after selling 74,747 shares during the period. California Public Employees Retirement System’s holdings in Gartner were worth $19,440,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. J. Stern & Co. LLP lifted its position in Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after acquiring an additional 1,518,333 shares in the last quarter. Norges Bank bought a new stake in Gartner during the 4th quarter worth approximately $299,576,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after purchasing an additional 1,025,010 shares during the last quarter. Capital International Investors lifted its holdings in shares of Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after purchasing an additional 884,250 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Gartner by 51.9% in the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after purchasing an additional 646,052 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IT. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Wells Fargo & Company decreased their price objective on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. 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. Morgan Stanley cut their target price on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $173.10.

Gartner Price Performance

Gartner stock opened at $132.39 on Thursday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $360.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The business’s 50 day simple moving average is $145.10 and its 200 day simple moving average is $163.99. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 0.74 and a beta of 0.97.

Gartner (NYSE:IT) last released its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts forecast that Gartner, Inc. will post 13.61 EPS for the current 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.