Capital International Investors Takes $820.11 Million Position in Gartner, Inc. $IT

Capital International Investors acquired a new position in Gartner, Inc. (NYSE:IT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,119,843 shares of the information technology services provider’s stock, valued at approximately $820,113,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Group Private Client Services Inc. acquired a new stake in Gartner in the 3rd quarter valued at approximately $1,618,000. Bank of Montreal Can lifted its stake in Gartner by 38.6% during the third quarter. Bank of Montreal Can now owns 77,920 shares of the information technology services provider’s stock worth $20,483,000 after purchasing an additional 21,700 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Gartner by 2.9% during the third quarter. Legal & General Group Plc now owns 623,087 shares of the information technology services provider’s stock worth $163,791,000 after buying an additional 17,745 shares during the period. Banque Cantonale Vaudoise boosted its position in shares of Gartner by 51.0% during the third quarter. Banque Cantonale Vaudoise now owns 10,954 shares of the information technology services provider’s stock worth $2,879,000 after buying an additional 3,699 shares during the period. Finally, Vestcor Inc grew its stake in shares of Gartner by 11.3% in the third quarter. Vestcor Inc now owns 2,684 shares of the information technology services provider’s stock valued at $706,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 4.4%

IT opened at $159.08 on Wednesday. The business has a fifty day moving average price of $194.67 and a 200 day moving average price of $226.30. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $471.68. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.67 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

IT has been the topic of several research reports. Barclays decreased their target price on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Robert W. Baird set a $240.00 price target on shares of Gartner in a research note on Wednesday, February 4th. UBS Group set a $180.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company cut their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $190.70.

About Gartner

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.