Capital International Inc. CA Takes $2.78 Million Position in Gartner, Inc. $IT

Capital International Inc. CA acquired a new position in shares of Gartner, Inc. (NYSE:IT) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,570 shares of the information technology services provider’s stock, valued at approximately $2,779,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Addison Advisors LLC acquired a new position in Gartner during the second quarter worth $27,000. True Wealth Design LLC grew its stake in shares of Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 147 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 167 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Gartner in the 2nd quarter valued at $48,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Gartner during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 0.8%

IT stock opened at $160.41 on Thursday. The stock has a market cap of $11.30 billion, a P/E ratio of 16.62, a PEG ratio of 1.59 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a twelve month low of $139.18 and a twelve month high of $470.37. The company’s 50 day moving average is $192.83 and its two-hundred day moving average is $225.84.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. 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 research report on Wednesday, February 4th. Robert W. Baird set a $240.00 price target on shares of Gartner in a research report on Wednesday, February 4th. UBS Group set a $180.00 price objective on shares of Gartner in a research note 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. Finally, Truist Financial reduced their target price on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $190.70.

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.