Mitsubishi UFJ Asset Management Co. Ltd. Purchases 7,717 Shares of Gartner, Inc. $IT

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Gartner, Inc. (NYSE:IT) by 4.9% in the 4th quarter, HoldingsChannel reports. The firm owned 163,735 shares of the information technology services provider’s stock after acquiring an additional 7,717 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Gartner were worth $38,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moran Wealth Management LLC bought a new stake in Gartner in the fourth quarter valued at $3,516,000. Allianz Asset Management GmbH increased its stake in Gartner by 28.9% in the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares in the last quarter. Madison Asset Management LLC increased its stake in Gartner by 1.8% in the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Gartner by 111.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock valued at $6,451,000 after purchasing an additional 13,493 shares in the last quarter. Finally, Weitz Investment Management Inc. increased its stake in Gartner by 22.1% in the third quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock valued at $28,226,000 after purchasing an additional 19,450 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Barclays decreased their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Robert W. Baird set a $240.00 target price on shares of Gartner in a research report on Wednesday, February 4th. Finally, Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner News Roundup

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: No clear positive company-specific catalysts were reported in the provided articles.
• Neutral Sentiment: Gartner published/was cited in a headline about the risks of using layoffs to fund AI initiatives, reinforcing its influence on enterprise strategy commentary.
• Negative Sentiment: Several law firms issued or repeated class-action and securities-fraud alerts against Gartner, keeping legal uncertainty front and center for investors. Article Title
• Negative Sentiment: The pending shareholder lawsuit and approaching lead-plaintiff deadline may pressure the stock by reminding investors of possible damages and ongoing litigation risk. Article Title

Gartner Trading Up 0.5%

NYSE:IT opened at $158.62 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 1.00. The firm has a 50-day moving average of $156.24 and a 200-day moving average of $199.73. The company has a market cap of $11.17 billion, a PE ratio of 15.67, a PEG ratio of 0.87 and a beta of 0.91. Gartner, Inc. has a one year low of $139.18 and a one year high of $451.73.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, topping 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 company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $2.98 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts expect that Gartner, Inc. will post 13.7 EPS 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.