CIBC Asset Management Inc Purchases 6,411 Shares of Gartner, Inc. $IT

CIBC Asset Management Inc lifted its position in shares of Gartner, Inc. (NYSE:IT) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,097 shares of the information technology services provider’s stock after acquiring an additional 6,411 shares during the period. CIBC Asset Management Inc’s holdings in Gartner were worth $4,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Gartner by 36.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,274,648 shares of the information technology services provider’s stock worth $321,568,000 after acquiring an additional 339,500 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Gartner by 2.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 3,550 shares of the information technology services provider’s stock worth $896,000 after acquiring an additional 100 shares during the period. Florida Financial Advisors LLC bought a new position in Gartner in the 4th quarter valued at approximately $291,000. Rothschild Wealth LLC bought a new position in Gartner in the 4th quarter valued at approximately $332,000. Finally, MUFG Securities EMEA plc lifted its stake in Gartner by 103.8% in the 4th quarter. MUFG Securities EMEA plc now owns 2,955 shares of the information technology services provider’s stock valued at $745,000 after purchasing an additional 1,505 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 0.5%

Shares of NYSE IT opened at $164.09 on Friday. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $430.19. The firm has a 50 day moving average price of $155.37 and a two-hundred day moving average price of $187.87. The stock has a market cap of $10.99 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping 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 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 posted $2.98 earnings per share. Gartner’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, equities analysts forecast that Gartner, Inc. will post 13.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IT. UBS Group increased their price objective on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Morgan Stanley dropped their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company dropped their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, Barclays dropped their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average 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.