Gartner, Inc. $IT Shares Sold by Bollard Group LLC

Bollard Group LLC lessened its holdings in Gartner, Inc. (NYSE:IT) by 17.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 301,347 shares of the information technology services provider’s stock after selling 63,042 shares during the quarter. Gartner makes up approximately 1.9% of Bollard Group LLC’s holdings, making the stock its 9th largest position. Bollard Group LLC’s holdings in Gartner were worth $79,215,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Independent Franchise Partners LLP acquired a new position in shares of Gartner during the 3rd quarter worth about $840,166,000. Capital International Investors acquired a new stake in shares of Gartner during the 3rd quarter worth about $820,113,000. Norges Bank purchased a new stake in Gartner during the second quarter worth approximately $394,133,000. Bamco Inc. NY lifted its stake in 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 purchasing an additional 669,352 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Gartner by 88.7% in the third quarter. AQR Capital Management LLC now owns 1,245,952 shares of the information technology services provider’s stock valued at $326,278,000 after purchasing an additional 585,766 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Performance

NYSE IT opened at $166.54 on Friday. The firm has a market cap of $11.73 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.67 and a beta of 1.08. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $464.87. The business’s 50-day moving average price is $189.59 and its 200 day moving average price is $224.74. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the firm earned $5.45 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on IT shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Wells Fargo & Company cut their price target on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Barclays dropped their price objective on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Finally, UBS Group set a $180.00 target price on Gartner in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $190.70.

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.