Handelsbanken Fonder AB Has $2.79 Million Stock Position in Gartner, Inc. $IT

Handelsbanken Fonder AB reduced its holdings in Gartner, Inc. (NYSE:IT) by 34.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,500 shares of the information technology services provider’s stock after selling 11,064 shares during the period. Handelsbanken Fonder AB’s holdings in Gartner were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Capital International Investors grew its stake in shares of Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock worth $1,010,153,000 after acquiring an additional 884,250 shares during the last quarter. 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. Independent Franchise Partners LLP grew its position in Gartner by 3.5% in the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after purchasing an additional 112,439 shares during the last quarter. Morgan Stanley grew its position in Gartner by 5.8% in the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock worth $629,585,000 after purchasing an additional 136,233 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after purchasing an additional 646,052 shares during the period. 91.51% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Anne Sutherland Fuchs sold 860 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director directly owned 8,097 shares in the company, valued at approximately $1,492,277.10. This represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IT shares. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on Gartner from $160.00 to $164.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. UBS Group raised their price objective on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $185.50.

Gartner Trading Down 0.0%

Shares of IT stock opened at $181.06 on Monday. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $265.85. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 0.60 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a fifty day moving average of $148.05 and a 200-day moving average of $155.79.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, August 4th. The information technology services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.76 by $0.61. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm earned $3.53 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, equities research analysts forecast that Gartner, Inc. will post 14.44 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.