Intech Investment Management LLC Cuts Stock Position in Gartner, Inc. $IT

Intech Investment Management LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 53.1% in the third quarter, Holdings Channel reports. The firm owned 6,470 shares of the information technology services provider’s stock after selling 7,330 shares during the period. Intech Investment Management LLC’s holdings in Gartner were worth $1,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IT. Allianz Asset Management GmbH increased its stake in shares of Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after purchasing an additional 27,497 shares during the last quarter. Madison Asset Management LLC grew its holdings in Gartner by 1.8% during the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares during the period. Aviva PLC increased its position in Gartner by 6.1% in the second quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after buying an additional 3,390 shares during the last quarter. Weitz Investment Management Inc. raised its stake in shares of Gartner by 22.1% in the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after buying an additional 19,450 shares during the period. Finally, Buttonwood Financial Advisors Inc. bought a new stake in shares of Gartner in the third quarter valued at $1,581,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

IT stock opened at $171.17 on Friday. The firm has a 50 day moving average of $199.99 and a 200-day moving average of $228.19. The firm has a market capitalization of $12.06 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $490.13. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, Director Stephen G. Pagliuca purchased 43,300 shares of the stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director directly owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IT. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a research note on Wednesday, February 4th. Truist Financial reduced their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Morgan Stanley dropped their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average price target of $190.70.

Gartner Company 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.