Norges Bank Purchases Shares of 1,187,473 Gartner, Inc. $IT

Norges Bank purchased a new stake in Gartner, Inc. (NYSE:IT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,187,473 shares of the information technology services provider’s stock, valued at approximately $299,576,000. Norges Bank owned approximately 1.65% of Gartner as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Cresset Asset Management LLC raised its holdings in shares of Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after acquiring an additional 47 shares in the last quarter. Horizon Investments LLC raised its holdings in shares of Gartner by 4.3% in the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after acquiring an additional 51 shares in the last quarter. Shell Asset Management Co. raised its holdings in shares of Gartner by 2.7% in the 3rd quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock valued at $543,000 after acquiring an additional 54 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 56 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

Shares of NYSE IT opened at $171.12 on Wednesday. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.99 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $433.43. The stock’s 50-day moving average is $154.58 and its 200 day moving average is $189.38.

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

Analyst Ratings Changes

Several research firms have weighed in on IT. Wells Fargo & Company lowered their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a report on Wednesday, February 4th. Morgan Stanley lowered their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Barclays decreased their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $176.70.

Gartner Company 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.