Gartner, Inc. $IT Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Gartner, Inc. (NYSE:IT) by 153.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,364 shares of the information technology services provider’s stock after purchasing an additional 40,137 shares during the quarter. Gartner comprises 0.7% of Quantbot Technologies LP’s portfolio, making the stock its 7th biggest holding. Quantbot Technologies LP owned approximately 0.09% of Gartner worth $26,826,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IT. Norges Bank bought a new stake in Gartner during the 2nd quarter valued at approximately $394,133,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Gartner by 692.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after buying an additional 932,077 shares during the last quarter. Sustainable Growth Advisers LP boosted its position in shares of Gartner by 71.7% in the second quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock valued at $469,507,000 after acquiring an additional 485,188 shares during the period. Nuveen LLC acquired a new stake in shares of Gartner in the first quarter worth $128,318,000. Finally, JPMorgan Chase & Co. increased its position in Gartner by 20.5% during the first quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after acquiring an additional 211,842 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Gartner from $457.00 to $390.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company decreased their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial set a $300.00 price target on Gartner in a report on Wednesday, November 26th. William Blair reissued an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Barclays lowered their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $311.67.

Gartner Trading Down 1.0%

IT stock opened at $230.37 on Tuesday. Gartner, Inc. has a 1-year low of $222.54 and a 1-year high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The business’s 50 day moving average is $242.40 and its 200-day moving average is $305.26. The firm has a market cap of $16.60 billion, a P/E ratio of 14.18 and a beta of 1.19.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. Equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.