Legal & General Group Plc Sells 18,281 Shares of Gartner, Inc. $IT

Legal & General Group Plc lessened its position in Gartner, Inc. (NYSE:IT) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 604,806 shares of the information technology services provider’s stock after selling 18,281 shares during the period. Legal & General Group Plc’s holdings in Gartner were worth $152,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Physician Wealth Advisors Inc. grew its position in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC acquired a new stake in Gartner in the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in Gartner in the 4th quarter worth about $28,000. Finally, Activest Wealth Management raised its stake in Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 1.4%

IT opened at $160.03 on Thursday. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $445.50. 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 firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.87 and a beta of 0.91. The company’s 50 day moving average price is $154.10 and its two-hundred day moving average price is $190.70.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping 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 firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $2.98 EPS. The company’s revenue for the quarter 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, research analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. UBS Group lifted their price target on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley decreased 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.70.

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.