Marathon Trading Investment Management LLC Makes New $1.44 Million Investment in Gartner, Inc. $IT

Marathon Trading Investment Management LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,695 shares of the information technology services provider’s stock, valued at approximately $1,437,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Independent Franchise Partners LLP acquired a new stake in Gartner in the 3rd quarter worth approximately $840,166,000. Capital International Investors acquired a new position in Gartner during the 3rd quarter valued at approximately $820,113,000. Norges Bank purchased a new position in shares of Gartner in the fourth quarter worth $299,576,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Gartner by 108,812.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of Gartner by 18.3% during the third quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock worth $1,136,154,000 after buying an additional 669,352 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IT has been the topic of several research reports. Morgan Stanley cut their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Royal Bank Of Canada cut their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. UBS Group reduced their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.10.

Gartner Trading Down 0.1%

Shares of Gartner stock opened at $148.07 on Monday. The stock has a market cap of $9.91 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. The firm has a fifty day moving average price of $155.07 and a 200 day moving average price of $184.99. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $413.26. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue was down 1.5% on a year-over-year basis. 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. Equities research analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current year.

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.