Eurizon Capital SGR S.p.A. Buys Shares of 16,877 Gartner, Inc. $IT

Eurizon Capital SGR S.p.A. bought a new stake in shares of Gartner, Inc. (NYSE:IT) during the 4th quarter, HoldingsChannel.com reports. The firm bought 16,877 shares of the information technology services provider’s stock, valued at approximately $4,258,000.

A number of other hedge funds have also modified their holdings of IT. Independent Franchise Partners LLP acquired a new position in shares of Gartner in the third quarter worth $840,166,000. Capital International Investors acquired a new position in shares of Gartner in the third quarter worth $820,113,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after acquiring an additional 1,025,010 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Gartner by 18.3% in 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 last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Gartner by 88.7% in the third quarter. AQR Capital Management LLC now owns 1,245,952 shares of the information technology services provider’s stock worth $326,278,000 after acquiring an additional 585,766 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Royal Bank Of Canada dropped their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Finally, UBS Group upped their price target on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Two research 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, Gartner currently has an average rating of “Hold” and a consensus target price of $176.70.

Gartner Stock Up 10.9%

IT stock opened at $179.87 on Tuesday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $434.12. The company has a 50-day moving average of $154.58 and a two-hundred day moving average of $189.38. The stock has a market capitalization of $12.04 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the company earned $2.98 earnings per share. The business’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. As a group, equities research analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Gartner Company 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.