Delta Global Management LP Increases Position in Gartner, Inc. $IT

Delta Global Management LP grew its holdings in shares of Gartner, Inc. (NYSE:IT) by 71.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,751 shares of the information technology services provider’s stock after buying an additional 4,048 shares during the quarter. Delta Global Management LP’s holdings in Gartner were worth $2,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its holdings in Gartner by 2.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock valued at $447,000 after acquiring an additional 46 shares during the period. Cresset Asset Management LLC increased its stake in Gartner by 3.3% in the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock worth $392,000 after purchasing an additional 47 shares during the period. Shell Asset Management Co. increased its stake in Gartner by 2.7% in the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after purchasing an additional 54 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock worth $268,000 after purchasing an additional 56 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Gartner by 32.1% during the third quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider’s stock worth $67,000 after purchasing an additional 62 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IT has been the topic of a number of research analyst reports. Robert W. Baird set a $240.00 price target on shares of Gartner in a report on Wednesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.70.

Gartner Stock Performance

IT stock opened at $166.54 on Monday. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average price of $189.59 and a 200 day moving average price of $224.58. The company has a market capitalization of $11.73 billion, a P/E ratio of 17.26, a PEG ratio of 1.67 and a beta of 1.08. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $464.87.

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