Barclays PLC Boosts Stock Position in Gartner, Inc. $IT

Barclays PLC raised its stake in Gartner, Inc. (NYSE:IT) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,521 shares of the information technology services provider’s stock after acquiring an additional 24,116 shares during the period. Barclays PLC owned approximately 0.33% of Gartner worth $66,380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IT. Crossmark Global Holdings Inc. raised its holdings in Gartner by 26.9% in the third quarter. Crossmark Global Holdings Inc. now owns 6,233 shares of the information technology services provider’s stock worth $1,638,000 after buying an additional 1,322 shares during the last quarter. Integrated Quantitative Investments LLC boosted its stake in Gartner by 96.9% during the 3rd quarter. Integrated Quantitative Investments LLC now owns 4,002 shares of the information technology services provider’s stock valued at $1,052,000 after purchasing an additional 1,969 shares during the last quarter. Alpha Family Trust purchased a new stake in Gartner during the 3rd quarter valued at $247,000. Cambria Investment Management L.P. bought a new stake in shares of Gartner in the 3rd quarter worth $325,000. Finally, Black Creek Investment Management Inc. purchased a new position in shares of Gartner in the third quarter worth $520,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of Gartner stock opened at $169.02 on Monday. The stock has a market cap of $11.91 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day moving average is $198.32 and its 200 day moving average is $227.48. Gartner, Inc. has a one year low of $139.18 and a one year high of $485.33.

Gartner (NYSE:IT) last released its quarterly 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 return on equity of 102.20% and a net margin of 11.22%.The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the company posted $5.45 earnings per share. Gartner’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. Sell-side analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on IT. UBS Group set a $180.00 price objective on Gartner in a research report on Wednesday, February 4th. BMO Capital Markets restated 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 target on shares of Gartner in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a report on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $190.70.

Insider Activity

In other news, Director Stephen G. Pagliuca bought 43,300 shares of Gartner stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the acquisition, the director owned 111,613 shares of the company’s stock, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

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.