Legal & General Group Plc Has $152.58 Million Stock Holdings in Gartner, Inc. $IT

Legal & General Group Plc cut its position in Gartner, Inc. (NYSE:IT) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 604,806 shares of the information technology services provider’s stock after selling 18,281 shares during the period. Legal & General Group Plc owned about 0.84% of Gartner worth $152,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IT. Vanguard Group Inc. raised its holdings in shares of Gartner by 5.3% during the third quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock worth $2,650,304,000 after acquiring an additional 509,902 shares during the period. Bamco Inc. NY raised its holdings in shares of Gartner by 18.3% during the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after acquiring an additional 669,352 shares during the period. State Street Corp raised its holdings in shares of Gartner by 2.8% during the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares during the period. Independent Franchise Partners LLP acquired a new stake in shares of Gartner during the third quarter worth $840,166,000. Finally, Capital International Investors acquired a new stake in shares of Gartner during the third quarter worth $820,113,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on IT. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Barclays dropped their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Two equities 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Stock Up 1.4%

Gartner stock opened at $160.03 on Thursday. The company has a market cap of $10.71 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $445.50. The company has a fifty day simple moving average of $154.10 and a 200 day simple moving average of $190.70. 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 released its 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.7 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.