Gartner, Inc. $IT Shares Bought by Swiss National Bank

Swiss National Bank raised its position in Gartner, Inc. (NYSE:IT) by 1.9% during the first quarter, HoldingsChannel.com reports. The firm owned 211,571 shares of the information technology services provider’s stock after buying an additional 4,000 shares during the quarter. Swiss National Bank’s holdings in Gartner were worth $33,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IT. Cresset Asset Management LLC increased its position in Gartner by 3.3% during the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares in the last quarter. Horizon Investments LLC grew its stake in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after buying an additional 51 shares during the period. Brown Brothers Harriman & Co. grew its stake in Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after buying an additional 56 shares during the period. Physician Wealth Advisors Inc. increased its position in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Gartner by 8.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 839 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 68 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Stock Up 1.0%

Shares of NYSE IT opened at $133.41 on Friday. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $359.36. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.73 and a beta of 0.97. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $144.95 and its 200-day simple moving average is $163.26.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business posted $2.98 earnings per share. Gartner’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the topic of several recent research reports. Royal Bank Of Canada reduced their target price 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. The Goldman Sachs Group set a $162.00 price objective on Gartner in a research report on Tuesday, May 5th. UBS Group reduced their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Finally, Barclays reduced their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $173.10.

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.