Northwestern Mutual Wealth Management Co. lifted its holdings in Gartner, Inc. (NYSE:IT – Free Report) by 108,812.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,025,952 shares of the information technology services provider’s stock after purchasing an additional 1,025,010 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Gartner were worth $258,827,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of IT. Physician Wealth Advisors Inc. grew its stake in shares of Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Activest Wealth Management grew its stake in shares of Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Eastern Bank grew its stake in shares of Gartner by 236.8% in the fourth quarter. Eastern Bank now owns 128 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 90 shares in the last quarter. Finally, Aventura Private Wealth LLC bought a new position in shares of Gartner in the fourth quarter worth $40,000. Institutional investors own 91.51% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on IT. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Morgan Stanley decreased their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on Gartner in a research note on Tuesday, May 5th. Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, Royal Bank Of Canada decreased their target price 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $176.70.
Gartner Trading Up 3.8%
Shares of IT stock opened at $146.02 on Friday. The stock has a 50-day simple moving average of $155.11 and a 200 day simple moving average of $195.85. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $450.60. The stock has a market capitalization of $9.78 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.77 and a beta of 0.91. 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 – Get Free Report) last announced its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.51 billion. During the same quarter last year, the business posted $2.98 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.
Key Gartner News
Here are the key news stories impacting Gartner this week:
- Negative Sentiment: Several firms issued deadline reminders for the Gartner securities-fraud class action, signaling ongoing legal overhang for shareholders and potentially pressuring the stock. Deadline Soon: Gartner, Inc. (IT) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
- Negative Sentiment: More law firms are advertising the same class action and lead-plaintiff deadline, adding to the market’s focus on legal risk rather than fundamentals. GARTNER DEADLINE MONDAY MAY 18th: Bragar Eagel & Squire, P.C. Urges Gartner, Inc. (NYSE:IT) Investors to Contact the Firm Before May 18th Regarding their Rights
- Neutral Sentiment: A recent opinion piece suggested Gartner remains a “hold” in a broader information-services sector hit by AI disruption concerns, but this is more commentary than a direct company catalyst. AI Will Not Replace The Entire Information Services Industry: Buy Thomson Reuters, Hold Gartner
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.
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