Gartner, Inc. $IT Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 7.0% during the first quarter, Holdings Channel.com reports. The firm owned 139,677 shares of the information technology services provider’s stock after buying an additional 9,110 shares during the quarter. Quantinno Capital Management LP’s holdings in Gartner were worth $22,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IT. Moran Wealth Management LLC acquired a new position in Gartner in the fourth quarter valued at approximately $3,516,000. CWM LLC grew its position in Gartner by 86.4% in the fourth quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after acquiring an additional 26,734 shares during the period. GHP Investment Advisors Inc. increased its stake in Gartner by 111.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after acquiring an additional 13,493 shares during the last quarter. Laurus Global Equity Management Inc. increased its stake in Gartner by 135.0% during the fourth quarter. Laurus Global Equity Management Inc. now owns 34,260 shares of the information technology services provider’s stock worth $8,643,000 after acquiring an additional 19,680 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its position in Gartner by 67.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 200,418 shares of the information technology services provider’s stock valued at $50,561,000 after purchasing an additional 80,591 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Down 1.0%

NYSE:IT opened at $151.34 on Friday. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $345.50. The stock’s fifty day moving average is $144.62 and its two-hundred day moving average is $159.95. The stock has a market capitalization of $10.13 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.83 and a beta of 0.97. 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:ITGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IT shares. Wells Fargo & Company decreased their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 24th. Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. Royal Bank Of Canada reduced their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a research report on Tuesday, May 5th. Finally, Morgan Stanley lowered their target price on shares of Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $173.10.

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Gartner Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:ITFree Report).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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