Fox Run Management L.L.C. Purchases Shares of 4,717 Gartner, Inc. $IT

Fox Run Management L.L.C. purchased a new stake in Gartner, Inc. (NYSE:IT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,717 shares of the information technology services provider’s stock, valued at approximately $1,190,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Gartner by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after purchasing an additional 509,902 shares during the period. Bamco Inc. NY boosted its holdings in Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after purchasing an additional 669,352 shares during the period. Capital International Investors boosted its holdings in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after purchasing an additional 884,250 shares during the period. State Street Corp boosted its holdings in Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after purchasing an additional 96,809 shares during the period. Finally, Independent Franchise Partners LLP bought a new stake in Gartner in the 3rd quarter valued at $840,166,000. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research reports. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Morgan Stanley reduced their price objective 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. Wells Fargo & Company reduced their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Finally, UBS Group raised their price objective on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Price Performance

NYSE:IT opened at $157.38 on Wednesday. The company has a 50-day moving average of $155.48 and a 200-day moving average of $186.65. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.88 and a beta of 0.94. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $430.19. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

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.