Gartner, Inc. $IT Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Gartner, Inc. (NYSE:IT) by 5.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,845 shares of the information technology services provider’s stock after selling 5,417 shares during the period. Principal Financial Group Inc. owned 0.13% of Gartner worth $14,226,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in shares of Gartner by 81.8% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,216 shares of the information technology services provider’s stock worth $976,000 after acquiring an additional 2,796 shares during the period. J. Safra Sarasin Holding AG raised its stake in shares of Gartner by 15.4% in the first quarter. J. Safra Sarasin Holding AG now owns 4,414 shares of the information technology services provider’s stock valued at $698,000 after purchasing an additional 589 shares in the last quarter. ARQ Wealth Advisors LLC bought a new position in shares of Gartner during the 1st quarter worth about $441,000. 180 Wealth Advisors LLC acquired a new stake in shares of Gartner during the 1st quarter valued at about $686,000. Finally, Citizens Financial Group Inc. RI raised its position in Gartner by 179.8% in the first quarter. Citizens Financial Group Inc. RI now owns 3,151 shares of the information technology services provider’s stock worth $499,000 after purchasing an additional 2,025 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IT. 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. Morgan Stanley cut their target price on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group set a $162.00 price objective on Gartner in a research note on Tuesday, May 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $173.10.

Gartner Stock Performance

IT opened at $133.41 on Friday. The business’s 50-day simple moving average is $144.95 and its 200 day simple moving average is $163.26. Gartner, Inc. has a 52-week low of $124.25 and a 52-week high of $359.36. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $8.93 billion, a PE ratio of 13.18, a PEG ratio of 0.73 and a beta of 0.97.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $2.98 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.61 earnings per share 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.