Ilmarinen Mutual Pension Insurance Co Raises Stake in Gartner, Inc. $IT

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,177 shares of the information technology services provider’s stock after acquiring an additional 6,700 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Gartner were worth $7,361,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cresset Asset Management LLC raised its holdings in Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after buying an additional 47 shares during the last quarter. Horizon Investments LLC raised its holdings in Gartner by 4.3% in the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock worth $312,000 after buying an additional 51 shares during the last quarter. Shell Asset Management Co. raised its holdings in Gartner by 2.7% in the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after buying an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Gartner by 5.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after buying an additional 56 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in 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 buying an additional 59 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 0.6%

IT opened at $160.97 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98. The firm has a 50 day moving average price of $154.07 and a 200-day moving average price of $190.21. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $437.84. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 0.88 and a beta of 0.91.

Gartner (NYSE:IT) last released its quarterly earnings data 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 net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $2.98 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada decreased their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a report on Wednesday, February 4th. Morgan Stanley decreased their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $176.70.

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.