Resona Asset Management Co. Ltd. Lowers Stock Holdings in Gartner, Inc. $IT

Resona Asset Management Co. Ltd. reduced its position in shares of Gartner, Inc. (NYSE:IT) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,513 shares of the information technology services provider’s stock after selling 3,515 shares during the period. Resona Asset Management Co. Ltd. owned about 0.34% of Gartner worth $61,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. boosted its position 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 worth $25,000 after buying an additional 59 shares during the period. Rakuten Securities Inc. boosted its position in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC purchased a new position in shares of Gartner during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new position in shares of Gartner during the fourth quarter worth $28,000. Finally, Activest Wealth Management boosted its position in shares of Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after buying an additional 116 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Stock Up 6.3%

Gartner stock opened at $155.41 on Tuesday. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $450.60. 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 stock has a market cap of $10.40 billion, a PE ratio of 15.36, a P/E/G ratio of 0.80 and a beta of 0.91. The stock’s fifty day moving average is $154.79 and its two-hundred day moving average is $194.74.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Truist Financial lowered their price target on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings lowered Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Morgan Stanley decreased their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, Barclays decreased their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.70.

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.