Clarkston Capital Partners LLC Buys 117,725 Shares of Gartner, Inc. $IT

Clarkston Capital Partners LLC raised its stake in shares of Gartner, Inc. (NYSE:IT) by 105.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,592 shares of the information technology services provider’s stock after purchasing an additional 117,725 shares during the quarter. Gartner comprises 2.8% of Clarkston Capital Partners LLC’s holdings, making the stock its 10th biggest position. Clarkston Capital Partners LLC’s holdings in Gartner were worth $36,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors grew its holdings in shares of Gartner by 28.3% during the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after buying an additional 884,250 shares during the last quarter. State Street Corp raised its stake in Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock worth $922,728,000 after acquiring an additional 96,809 shares during the last quarter. Independent Franchise Partners LLP raised its stake in Gartner by 3.5% in the 4th quarter. Independent Franchise Partners LLP now owns 3,308,566 shares of the information technology services provider’s stock worth $834,685,000 after acquiring an additional 112,439 shares during the last quarter. Morgan Stanley lifted its position in Gartner by 5.8% during the 4th quarter. Morgan Stanley now owns 2,495,575 shares of the information technology services provider’s stock worth $629,585,000 after acquiring an additional 136,233 shares during the period. Finally, AQR Capital Management LLC lifted its position in Gartner by 51.9% during the 4th quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock worth $477,315,000 after acquiring an additional 646,052 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT opened at $133.41 on Friday. The business’s 50-day moving average is $144.95 and its two-hundred day moving average is $163.26. The company has a market capitalization of $8.93 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.73 and a beta of 0.97. 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, Inc. has a fifty-two week low of $124.25 and a fifty-two week high of $359.36.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $2.98 EPS. The company’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. Research analysts predict that Gartner, Inc. will post 13.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating on the stock in a report on Wednesday, June 24th. Barclays decreased their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Friday, April 10th. Royal Bank Of Canada dropped their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Finally, UBS Group reduced their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $173.10.

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.