Korea Investment CORP Sells 24,437 Shares of Gartner, Inc. $IT

Korea Investment CORP cut its position in Gartner, Inc. (NYSE:IT) by 37.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,670 shares of the information technology services provider’s stock after selling 24,437 shares during the period. Korea Investment CORP’s holdings in Gartner were worth $10,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC purchased a new stake in shares of Gartner during the second quarter valued at approximately $27,000. True Wealth Design LLC lifted its position in Gartner by 1,130.8% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 147 shares in the last quarter. Versant Capital Management Inc lifted its position in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 167 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in Gartner during the 2nd quarter valued at $48,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Gartner during the 3rd quarter valued at $58,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the subject of several recent analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. Truist Financial dropped their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Barclays reduced their price objective on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Wells Fargo & Company decreased their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Finally, UBS Group set a $180.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Stock Performance

IT opened at $160.41 on Thursday. The company’s 50 day moving average is $192.83 and its 200 day moving average is $225.84. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.59 and a beta of 1.08. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $470.37.

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

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.