Gartner, Inc. $IT Shares Bought by Swiss National Bank

Swiss National Bank grew its position in Gartner, Inc. (NYSE:IT) by 1.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,571 shares of the information technology services provider’s stock after buying an additional 4,000 shares during the quarter. Swiss National Bank owned 0.30% of Gartner worth $33,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Capital International Investors raised its position in Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the last quarter. State Street Corp grew its position in shares of Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Gartner by 3.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after purchasing an additional 112,439 shares in the last quarter. Morgan Stanley raised its position in shares of Gartner by 5.8% during the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock worth $629,585,000 after purchasing an additional 136,233 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Royal Bank Of Canada cut their price target 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 reduced their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. UBS Group decreased their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.10.

Gartner Stock Up 1.0%

IT opened at $133.41 on Friday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $359.36. The business has a 50-day moving average of $144.95 and a two-hundred day moving average of $163.26. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.73 and a beta of 0.97.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $2.98 EPS. The company’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts expect that Gartner, Inc. will post 13.61 earnings per share for the current 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.