Sei Investments Co. Cuts Position in Gartner, Inc. $IT

Sei Investments Co. cut its holdings in Gartner, Inc. (NYSE:ITFree Report) by 40.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,218 shares of the information technology services provider’s stock after selling 30,595 shares during the period. Sei Investments Co.’s holdings in Gartner were worth $7,160,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research analysts have weighed in on IT shares. Morgan Stanley dropped their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Barclays lowered their price target 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. UBS Group dropped 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. Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Finally, Royal Bank Of Canada lowered their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $173.10.

Get Our Latest Stock Report on IT

Gartner Trading Up 0.2%

Gartner stock opened at $151.34 on Monday. The stock has a market cap of $10.13 billion, a P/E ratio of 14.95, a PEG ratio of 0.83 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $345.50. The firm’s fifty day moving average price is $144.62 and its 200-day moving average price is $159.37. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.

Gartner (NYSE:ITGet Free Report) last issued 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 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% compared to the same quarter last year. During the same quarter last year, the business posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts forecast that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Key Gartner News

Here are the key news stories impacting Gartner this week:

About Gartner

(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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