OP Asset Management Ltd Invests $1.24 Million in Gartner, Inc. $IT

OP Asset Management Ltd bought a new stake in shares of Gartner, Inc. (NYSE:IT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,841 shares of the information technology services provider’s stock, valued at approximately $1,242,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Gartner during the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC acquired a new stake in Gartner in the 2nd quarter valued at $336,000. Cresset Asset Management LLC grew its stake in Gartner by 15.2% in the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after acquiring an additional 191 shares during the period. Sei Investments Co. increased its holdings in Gartner by 9.2% in the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after acquiring an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after acquiring an additional 50,251 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IT. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Royal Bank Of Canada reduced their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Barclays lowered their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, Wells Fargo & Company reduced their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.10.

Gartner Stock Performance

NYSE:IT opened at $133.18 on Tuesday. The company has a market cap of $8.92 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.74 and a beta of 0.94. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $409.76. The company’s 50-day moving average price is $150.70 and its 200-day moving average price is $177.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last announced its quarterly earnings data 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. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. Gartner’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 13.65 earnings per share for the current fiscal 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.