Gartner, Inc. $IT Holdings Boosted by HB Wealth Management LLC

HB Wealth Management LLC raised its position in shares of Gartner, Inc. (NYSE:IT) by 214.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,753 shares of the information technology services provider’s stock after acquiring an additional 4,606 shares during the period. HB Wealth Management LLC’s holdings in Gartner were worth $1,069,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its position in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the period. DV Equities LLC acquired a new stake in Gartner during the 4th quarter worth about $25,000. Rakuten Securities Inc. boosted its position in 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 acquiring an additional 99 shares during the period. Entrust Financial LLC purchased a new position in Gartner during the 4th quarter valued at about $26,000. Finally, Bell Investment Advisors Inc increased its holdings in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 74 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IT shares. UBS Group reduced their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Barclays dropped their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 24th. Wells Fargo & Company decreased their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. 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 currently has a consensus rating of “Hold” and a consensus target price of $174.10.

Gartner Stock Down 4.4%

Shares of Gartner stock opened at $134.59 on Thursday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.78 and a beta of 0.97. The stock has a 50-day simple moving average of $148.15 and a 200-day simple moving average of $172.11. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $401.60. 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 (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, equities research analysts expect that Gartner, Inc. will post 13.65 earnings per share for the current fiscal year.

About Gartner

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.