Royal Bank of Canada Has $44.01 Million Stake in Gartner, Inc. $IT

Royal Bank of Canada lowered its holdings in Gartner, Inc. (NYSE:ITFree Report) by 9.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 277,918 shares of the information technology services provider’s stock after selling 29,818 shares during the quarter. Royal Bank of Canada’s holdings in Gartner were worth $44,007,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Moran Wealth Management LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $3,516,000. CWM LLC increased its position in shares of Gartner by 86.4% during the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock valued at $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after purchasing an additional 13,493 shares in the last quarter. Laurus Global Equity Management Inc. raised its stake in shares of Gartner by 135.0% in the fourth quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock valued at $8,643,000 after purchasing an additional 19,680 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its position in Gartner by 293.4% in the fourth quarter. Plato Investment Management Ltd now owns 9,002 shares of the information technology services provider’s stock worth $2,282,000 after purchasing an additional 6,714 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IT. Morgan Stanley decreased their price target on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Wells Fargo & Company reduced their price objective on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Barclays dropped their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Royal Bank Of Canada cut 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 note on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $162.00 price objective on Gartner in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gartner has a consensus rating of “Hold” and a consensus target price of $173.10.

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Key Gartner News

Here are the key news stories impacting Gartner this week:

Gartner Stock Up 0.2%

NYSE:IT opened at $151.34 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $345.50. The stock’s fifty day simple moving average is $144.62 and its 200-day simple moving average is $159.37. The firm has a market capitalization of $10.13 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.83 and a beta of 0.94.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $2.98 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts expect that Gartner, Inc. will post 13.61 earnings per share for the current year.

About Gartner

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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