Sustainable Growth Advisers LP Cuts Position in Gartner, Inc. $IT

Sustainable Growth Advisers LP trimmed its position in shares of Gartner, Inc. (NYSE:IT) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,243,148 shares of the information technology services provider’s stock after selling 223,623 shares during the period. Gartner comprises about 2.2% of Sustainable Growth Advisers LP’s portfolio, making the stock its 19th biggest position. Sustainable Growth Advisers LP’s holdings in Gartner were worth $313,621,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Gartner by 5.3% in the third 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 last quarter. Bamco Inc. NY increased its stake in Gartner by 18.3% in the third 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 last quarter. State Street Corp increased its stake in Gartner by 2.8% in the third 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 last quarter. Independent Franchise Partners LLP purchased a new position in Gartner in the third quarter valued at approximately $840,166,000. Finally, Capital International Investors purchased a new position in Gartner in the third quarter valued at approximately $820,113,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Price Performance

IT stock opened at $179.87 on Tuesday. The company has a market capitalization of $12.04 billion, a P/E ratio of 17.77, a PEG ratio of 0.89 and a beta of 0.94. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $434.12. The business has a 50 day simple moving average of $154.58 and a 200-day simple moving average of $189.38. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current year.

Analyst Upgrades and Downgrades

IT has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Wells Fargo & Company dropped their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Royal Bank Of Canada dropped their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird set a $240.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $176.70.

About Gartner

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.