SG Americas Securities LLC Buys 4,602 Shares of Gartner, Inc. $IT

SG Americas Securities LLC increased its stake in Gartner, Inc. (NYSE:IT) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,792 shares of the information technology services provider’s stock after buying an additional 4,602 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Gartner worth $10,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Cresset Asset Management LLC grew its holdings in shares of Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares during the last quarter. Horizon Investments LLC boosted its stake in Gartner by 4.3% in the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after acquiring an additional 51 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Gartner by 5.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after acquiring an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Gartner by 8.8% in the fourth quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock worth $212,000 after purchasing an additional 68 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 6.7%

Gartner stock opened at $135.11 on Friday. The company has a market capitalization of $9.05 billion, a P/E ratio of 13.35, a PEG ratio of 0.70 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $409.76. The stock has a 50-day simple moving average of $151.15 and a 200-day simple moving average of $178.37.

Gartner (NYSE:IT) last released its quarterly 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. 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 last year, the business posted $2.98 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts expect that Gartner, Inc. will post 13.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on IT shares. Weiss Ratings cut Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday. UBS Group cut their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Morgan Stanley lowered their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Barclays cut their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $174.10.

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.