Strategic Global Advisors LLC Purchases 11,448 Shares of Gartner, Inc. $IT

Strategic Global Advisors LLC increased its position in Gartner, Inc. (NYSE:IT) by 116.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,253 shares of the information technology services provider’s stock after purchasing an additional 11,448 shares during the quarter. Strategic Global Advisors LLC’s holdings in Gartner were worth $5,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IT. Moran Wealth Management LLC bought a new position in shares of Gartner during the fourth quarter valued at $3,516,000. CWM LLC lifted its holdings 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 acquiring an additional 26,734 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Gartner by 111.7% during 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 acquiring an additional 13,493 shares during the period. Weitz Investment Management Inc. lifted its holdings in shares of Gartner by 22.1% during the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after acquiring an additional 19,450 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Gartner by 10.6% during the third quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock valued at $66,380,000 after acquiring an additional 24,116 shares during the period. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

IT has been the subject of a number of analyst reports. Royal Bank Of Canada cut their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Morgan Stanley cut their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company lowered their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $176.10.

Gartner Stock Performance

Shares of NYSE:IT opened at $148.07 on Monday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $413.26. The firm has a market cap of $9.91 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.81 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. The business has a fifty day moving average of $155.07 and a 200-day moving average of $184.99.

Gartner (NYSE:IT) last announced 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. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company posted $2.98 earnings per share. 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. On average, equities research analysts predict that Gartner, Inc. will post 13.7 EPS 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.