Andra AP fonden Lowers Stake in Gartner, Inc. $IT

Andra AP fonden lessened its holdings in Gartner, Inc. (NYSE:IT) by 68.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,006 shares of the information technology services provider’s stock after selling 120,794 shares during the quarter. Andra AP fonden owned about 0.07% of Gartner worth $14,459,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IT. Brighton Jones LLC bought a new position in shares of Gartner during the fourth quarter valued at $309,000. Sivia Capital Partners LLC purchased a new stake in Gartner during the 2nd quarter valued at about $336,000. Wealthfront Advisers LLC increased its stake in Gartner by 7.3% during the 2nd quarter. Wealthfront Advisers LLC now owns 3,087 shares of the information technology services provider’s stock valued at $1,248,000 after purchasing an additional 209 shares in the last quarter. Howard Capital Management Inc. purchased a new position in Gartner in the second quarter worth about $210,000. Finally, World Investment Advisors purchased a new position in Gartner in the 2nd quarter worth approximately $285,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Activity

In other news, SVP John J. Rinello sold 220 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the completion of the sale, the senior vice president owned 3,046 shares in the company, valued at approximately $699,270.22. This trade represents a 6.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $231.56, for a total value of $84,982.52. Following the transaction, the executive vice president directly owned 4,074 shares in the company, valued at approximately $943,375.44. This represents a 8.26% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.30% of the company’s stock.

Gartner Price Performance

Shares of NYSE:IT opened at $157.06 on Friday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.56 and a beta of 1.06. The firm has a fifty day moving average price of $206.80 and a 200 day moving average price of $230.21. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $499.72.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) 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 business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the firm earned $5.45 EPS. 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. As a group, sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company decreased their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. UBS Group set a $180.00 price target on Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Gartner in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $175.00 target price on Gartner in a report on Wednesday, February 4th. Four investment 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.