Gartner, Inc. $IT Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its stake in Gartner, Inc. (NYSE:IT) by 132.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,174 shares of the information technology services provider’s stock after buying an additional 75,314 shares during the period. Gotham Asset Management LLC’s holdings in Gartner were worth $34,745,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Gartner by 2.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock worth $447,000 after acquiring an additional 46 shares during the period. Cresset Asset Management LLC raised its holdings in Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares during the last quarter. Shell Asset Management Co. raised its holdings in Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after purchasing an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 56 shares in the last quarter. Finally, Rothschild Investment LLC boosted its position in Gartner by 32.1% during the third quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider’s stock worth $67,000 after purchasing an additional 62 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IT shares. Morgan Stanley dropped their price target on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Truist Financial lowered their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Wells Fargo & Company dropped their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Finally, UBS Group set a $180.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $190.70.

Gartner Stock Performance

NYSE IT opened at $160.26 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $464.87. The business has a fifty day moving average of $188.01 and a 200-day moving average of $223.97. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the company earned $5.45 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, analysts predict that Gartner, Inc. will post 12.5 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.