Strategic Global Advisors LLC Has $5.36 Million Stock Position in Gartner, Inc. $IT

Strategic Global Advisors LLC increased its position in Gartner, Inc. (NYSE:IT) by 116.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,253 shares of the information technology services provider’s stock after acquiring an additional 11,448 shares during the period. Strategic Global Advisors LLC’s holdings in Gartner were worth $5,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new stake in Gartner in the fourth quarter worth about $3,516,000. CWM LLC increased its position in Gartner by 86.4% in the fourth 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. increased its position in Gartner by 111.7% in the fourth 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. Weitz Investment Management Inc. increased its position in Gartner by 22.1% in the third 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 during the period. Finally, Barclays PLC increased its position in Gartner by 10.6% in the third 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 during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Gartner stock opened at $148.07 on Monday. The firm has a market capitalization of $9.91 billion, a P/E ratio of 14.63, a PEG ratio of 0.81 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $413.26. The business has a 50-day moving average of $155.07 and a 200-day moving average of $184.99. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IT. UBS Group lowered their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Royal Bank Of Canada decreased their target price on 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 target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $176.10.

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.