First Trust Advisors LP Has $126.77 Million Position in Gartner, Inc. $IT

First Trust Advisors LP raised its stake in Gartner, Inc. (NYSE:IT) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,243 shares of the information technology services provider’s stock after acquiring an additional 66,815 shares during the period. First Trust Advisors LP owned approximately 0.64% of Gartner worth $126,767,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC acquired a new stake in shares of Gartner during the 2nd quarter worth $27,000. True Wealth Design LLC increased its position 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 worth $42,000 after purchasing an additional 147 shares during the period. Versant Capital Management Inc raised its stake in Gartner by 1,284.6% in 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 in the last quarter. Osterweis Capital Management Inc. bought a new stake in Gartner during the second quarter worth about $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in Gartner during the third quarter worth about $58,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT stock opened at $169.02 on Monday. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.69 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. The business’s 50-day moving average price is $198.32 and its 200-day moving average price is $227.48. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $485.33.

Gartner (NYSE:IT) last released its quarterly earnings data 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

Insiders Place Their Bets

In other Gartner news, Director Stephen G. Pagliuca purchased 43,300 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the transaction, the director owned 111,613 shares in the company, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.60% of the stock is owned by insiders.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. Robert W. Baird set a $240.00 target price on shares of Gartner in a report on Wednesday, February 4th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Royal Bank Of Canada set a $175.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Finally, Morgan Stanley lowered their price objective on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Four research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $190.70.

About Gartner

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.