Renaissance Technologies LLC Has $48.31 Million Stock Holdings in Gartner, Inc. $IT

Renaissance Technologies LLC grew its stake in shares of Gartner, Inc. (NYSE:IT) by 290.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,089 shares of the information technology services provider’s stock after purchasing an additional 226,880 shares during the period. Renaissance Technologies LLC’s holdings in Gartner were worth $48,308,000 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 IT. J. Stern & Co. LLP grew its stake in shares of Gartner by 8,182.0% in the 4th quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after buying an additional 1,518,333 shares during the period. Norges Bank bought a new stake in Gartner in the 4th quarter valued at about $299,576,000. Northwestern Mutual Wealth Management Co. raised its stake in Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares during the period. Capital International Investors raised its stake 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 worth $1,010,153,000 after buying an additional 884,250 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Gartner by 51.9% in the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after acquiring an additional 646,052 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 5.1%

Shares of NYSE:IT opened at $147.71 on Tuesday. The business’s 50 day moving average is $144.69 and its 200 day moving average is $161.88. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $357.33. The stock has a market cap of $9.89 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.78 and a beta of 0.97. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last released 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 business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $2.98 EPS. Gartner’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts forecast that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IT shares. Royal Bank Of Canada reduced their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings upgraded Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research report on Tuesday, May 5th. UBS Group decreased their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Finally, Barclays lowered their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.