Alliancebernstein L.P. Trims Holdings in Gartner, Inc. $IT

Alliancebernstein L.P. trimmed its holdings in Gartner, Inc. (NYSE:IT) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,847 shares of the information technology services provider’s stock after selling 92,574 shares during the quarter. Alliancebernstein L.P. owned about 0.71% of Gartner worth $141,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of Gartner during the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC purchased a new stake in shares of Gartner in the 2nd quarter worth approximately $336,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Gartner by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,877 shares of the information technology services provider’s stock valued at $7,630,000 after buying an additional 1,310 shares in the last quarter. Creative Planning raised its stake in Gartner by 10.5% during the second quarter. Creative Planning now owns 12,642 shares of the information technology services provider’s stock valued at $5,110,000 after buying an additional 1,205 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in Gartner by 27.9% during the second quarter. Citizens Financial Group Inc. RI now owns 1,736 shares of the information technology services provider’s stock valued at $702,000 after buying an additional 379 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IT has been the topic of a number of recent research reports. UBS Group set a $180.00 target price on Gartner in a research note on Wednesday, February 4th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Morgan Stanley dropped their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $240.00 price target on shares of Gartner in a report on Wednesday, February 4th. 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. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Trading Down 3.9%

Gartner stock opened at $160.26 on Tuesday. Gartner, Inc. has a one year low of $139.18 and a one year high of $464.87. The business’s fifty day moving average is $188.01 and its 200 day moving average is $223.97. The stock has a market capitalization of $11.29 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. 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 posted 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. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the prior year, the business earned $5.45 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current 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.