Bamco Inc. NY Increases Stock Position in Gartner, Inc. $IT

Bamco Inc. NY lifted its position in shares of Gartner, Inc. (NYSE:IT) by 18.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,322,113 shares of the information technology services provider’s stock after buying an additional 669,352 shares during the quarter. Gartner makes up 3.0% of Bamco Inc. NY’s holdings, making the stock its 7th largest holding. Bamco Inc. NY owned 5.71% of Gartner worth $1,136,154,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in Gartner by 2.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock worth $447,000 after buying an additional 46 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of 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 valued at $392,000 after acquiring an additional 47 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of 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 acquiring an additional 54 shares during the period. Brown Brothers Harriman & Co. grew 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 in the last quarter. Finally, Rothschild Investment LLC grew 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 in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $166.54 on Friday. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $464.87. The business has a 50 day simple moving average of $189.59 and a two-hundred day simple moving average of $224.74. The stock has a market capitalization of $11.73 billion, a PE ratio of 17.26, a P/E/G ratio of 1.67 and a beta of 1.08.

Gartner (NYSE:IT) last issued its quarterly earnings data 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 business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on IT. UBS Group set a $180.00 price target on Gartner in a report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 price objective on shares of Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of Gartner in a research report on Thursday, February 5th. Wells Fargo & Company lowered their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a report on Wednesday, February 4th. Finally, Truist Financial dropped their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $190.70.

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.