Gartner, Inc. $IT is Ceera Investments LLC’s 7th Largest Position

Ceera Investments LLC reduced its position in shares of Gartner, Inc. (NYSE:IT) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,430 shares of the information technology services provider’s stock after selling 3,604 shares during the period. Gartner makes up approximately 2.5% of Ceera Investments LLC’s portfolio, making the stock its 7th largest position. Ceera Investments LLC’s holdings in Gartner were worth $6,415,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC purchased a new position in Gartner during the fourth quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in Gartner during the fourth quarter worth about $28,000. Finally, Activest Wealth Management raised its holdings in Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IT. Morgan Stanley cut their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Truist Financial cut their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, Robert W. Baird set a $240.00 target price on shares of Gartner in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $176.70.

Gartner Trading Up 0.2%

Shares of Gartner stock opened at $160.35 on Tuesday. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $446.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The stock has a market cap of $10.74 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The company has a 50-day moving average of $154.28 and a two-hundred day moving average of $191.73.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company posted $2.98 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts anticipate that Gartner, Inc. will post 13.7 EPS 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.