Gartner, Inc. $IT Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,513 shares of the information technology services provider’s stock after selling 3,515 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Gartner were worth $61,807,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Moran Wealth Management LLC purchased a new stake in Gartner during the 4th quarter worth $3,516,000. CWM LLC boosted 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 during the period. GHP Investment Advisors Inc. boosted 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 during the period. Allianz Asset Management GmbH boosted its position in Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after purchasing an additional 27,497 shares during the period. Finally, Madison Asset Management LLC boosted its position in Gartner by 1.8% during the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock worth $188,165,000 after purchasing an additional 12,998 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IT. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research report on Tuesday, May 5th. Finally, Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Stock Performance

NYSE:IT opened at $155.41 on Tuesday. The stock has a market cap of $10.40 billion, a P/E ratio of 15.36, a PEG ratio of 0.80 and a beta of 0.91. The firm has a 50-day moving average of $154.79 and a two-hundred day moving average of $194.74. 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 1-year low of $139.18 and a 1-year high of $450.60.

Gartner (NYSE:IT) last issued its 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. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal 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.