Counterpoint Mutual Funds LLC Makes New $583,000 Investment in Gartner, Inc. $IT

Counterpoint Mutual Funds LLC purchased a new position in Gartner, Inc. (NYSE:IT) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,682 shares of the information technology services provider’s stock, valued at approximately $583,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Independent Franchise Partners LLP acquired a new position in shares of Gartner during the third quarter valued at approximately $840,166,000. Capital International Investors acquired a new stake in Gartner in the third quarter worth approximately $820,113,000. J. Stern & Co. LLP lifted its position in Gartner by 8,182.0% in the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock worth $387,727,000 after purchasing an additional 1,518,333 shares during the period. Norges Bank bought a new position in Gartner during the 4th quarter valued at $299,576,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after purchasing an additional 1,025,010 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on IT shares. Royal Bank Of Canada dropped their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Barclays decreased their target price on 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 lowered their target price on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Morgan Stanley dropped their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $174.10.

Gartner Price Performance

NYSE IT opened at $136.08 on Friday. The stock has a market capitalization of $9.11 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.75 and a beta of 0.97. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $403.95. The business’s fifty day moving average is $148.89 and its two-hundred day moving average is $174.98. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates 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 last year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts forecast that Gartner, Inc. will post 13.65 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.