Banque Cantonale Vaudoise Purchases 3,699 Shares of Gartner, Inc. $IT

Banque Cantonale Vaudoise increased its position in Gartner, Inc. (NYSE:IT) by 51.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,954 shares of the information technology services provider’s stock after buying an additional 3,699 shares during the period. Banque Cantonale Vaudoise’s holdings in Gartner were worth $2,879,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC purchased a new position in shares of Gartner in the second quarter valued at $27,000. True Wealth Design LLC raised its stake in Gartner by 1,130.8% during the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 147 shares in the last quarter. Versant Capital Management Inc lifted its position in Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 167 shares during the last quarter. Osterweis Capital Management Inc. bought a new position in Gartner during the second quarter valued at $48,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Gartner in the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the topic of several analyst reports. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research note on Thursday, February 5th. Royal Bank Of Canada set a $175.00 price objective on Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Finally, Barclays decreased their price target on Gartner from $260.00 to $180.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Gartner currently has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Stock Down 4.4%

Shares of NYSE:IT opened at $159.08 on Wednesday. The firm has a market capitalization of $11.21 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. The business has a 50 day simple moving average of $194.67 and a two-hundred day simple moving average of $226.30. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $471.68. 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 (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $5.45 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

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.