PFA Pension Forsikringsaktieselskab Purchases New Position in Gartner, Inc. $IT

PFA Pension Forsikringsaktieselskab purchased a new stake in Gartner, Inc. (NYSE:ITFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 63,296 shares of the information technology services provider’s stock, valued at approximately $16,115,000. PFA Pension Forsikringsaktieselskab owned about 0.09% of Gartner at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. lifted its holdings in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Gartner in the 2nd quarter valued at about $48,000. Finally, Eastern Bank lifted its holdings in shares of Gartner by 236.8% in the 4th quarter. Eastern Bank now owns 128 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on IT. UBS Group lowered their price target on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Barclays lowered their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Wells Fargo & Company lowered their price target 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, Morgan Stanley decreased their price objective on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $180.40.

Check Out Our Latest Stock Report on IT

Gartner News Summary

Here are the key news stories impacting Gartner this week:

Gartner Stock Performance

Shares of NYSE:IT opened at $146.47 on Monday. The firm has a market cap of $10.32 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The firm’s 50 day simple moving average is $155.98 and its 200-day simple moving average is $201.48. Gartner, Inc. has a one year low of $139.18 and a one year high of $451.73. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, equities analysts predict that Gartner, Inc. will post 13.3 EPS for the current year.

Gartner 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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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