Gartner, Inc. $IT Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC decreased its holdings in Gartner, Inc. (NYSE:IT) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,867 shares of the information technology services provider’s stock after selling 35,292 shares during the quarter. Clarkston Capital Partners LLC owned 0.16% of Gartner worth $28,222,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Moran Wealth Management LLC purchased a new position in Gartner during the 4th quarter worth approximately $3,516,000. CWM LLC grew its position in Gartner by 86.4% during the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after purchasing an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. grew its position in Gartner by 111.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after purchasing an additional 13,493 shares in the last quarter. Weitz Investment Management Inc. grew its position in Gartner by 22.1% during the 3rd quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock worth $28,226,000 after purchasing an additional 19,450 shares in the last quarter. Finally, Barclays PLC grew its position in Gartner by 10.6% during the 3rd quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after purchasing an additional 24,116 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 0.5%

Gartner stock opened at $148.07 on Friday. The company’s fifty day simple moving average is $155.07 and its 200-day simple moving average is $185.30. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $413.26. The stock has a market cap of $9.91 billion, a P/E ratio of 14.63, a P/E/G ratio of 0.82 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating 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 analysts’ expectations of $1.51 billion. During the same period in the previous year, the company posted $2.98 EPS. Gartner’s revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts forecast that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Royal Bank Of Canada lowered their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. UBS Group lowered their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley lowered their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, Barclays lowered their price target 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. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $176.10.

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.