Dimensional Fund Advisors LP Sells 113,939 Shares of Gartner, Inc. $IT

Dimensional Fund Advisors LP reduced its holdings in shares of Gartner, Inc. (NYSE:ITFree Report) by 19.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 484,933 shares of the information technology services provider’s stock after selling 113,939 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Gartner were worth $76,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Capital International Investors raised its holdings in Gartner by 28.3% during the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after acquiring an additional 884,250 shares during the period. State Street Corp boosted its holdings in shares of Gartner by 2.8% in the third quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares during the period. Independent Franchise Partners LLP grew its position in shares of Gartner by 3.5% in the fourth quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock valued at $834,685,000 after purchasing an additional 112,439 shares in the last quarter. Morgan Stanley raised its stake in shares of Gartner by 5.8% during the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock valued at $629,585,000 after purchasing an additional 136,233 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on IT shares. UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Morgan Stanley reduced their price objective on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Wells Fargo & Company lowered their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Finally, 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. Two equities research 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.10.

Check Out Our Latest Research Report on Gartner

Gartner News Roundup

Here are the key news stories impacting Gartner this week:

Gartner Price Performance

IT stock opened at $151.34 on Friday. The firm has a 50 day simple moving average of $144.62 and a two-hundred day simple moving average of $159.95. The stock has a market cap of $10.13 billion, a PE ratio of 14.95, a P/E/G ratio of 0.85 and a beta of 0.97. Gartner, Inc. has a one year low of $124.25 and a one year high of $345.50. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:ITGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, analysts predict that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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