Forsta AP Fonden Boosts Stake in Gartner, Inc. $IT

Forsta AP Fonden boosted its stake in Gartner, Inc. (NYSE:IT) by 96.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 34,700 shares of the information technology services provider’s stock after acquiring an additional 17,000 shares during the period. Forsta AP Fonden’s holdings in Gartner were worth $8,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. Moran Wealth Management LLC purchased a new position in shares of Gartner during the 4th quarter worth $3,516,000. CWM LLC lifted its stake in shares of Gartner by 86.4% during the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after purchasing an additional 26,734 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Gartner by 111.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after purchasing an additional 13,493 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock worth $32,244,000 after purchasing an additional 27,497 shares during the period. Finally, Madison Asset Management LLC lifted its stake in shares of Gartner by 1.8% during the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock worth $188,165,000 after purchasing an additional 12,998 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of recent analyst reports. Barclays reduced their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Morgan Stanley reduced their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird set a $240.00 price target on Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company reduced their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Finally, Truist Financial reduced their price target on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $176.70.

Gartner Price Performance

Shares of Gartner stock opened at $162.45 on Monday. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $437.84. The stock has a market capitalization of $10.88 billion, a P/E ratio of 16.05, a PEG ratio of 0.89 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. The business’s fifty day moving average price is $154.16 and its 200 day moving average price is $189.75.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $2.98 EPS. 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. As a group, research analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current 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.