Gartner, Inc. $IT Holdings Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of Gartner, Inc. (NYSE:IT) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 641,076 shares of the information technology services provider’s stock after selling 20,437 shares during the period. Dimensional Fund Advisors LP owned 0.85% of Gartner worth $168,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in IT. Addison Advisors LLC bought a new stake in Gartner during the 2nd quarter valued at $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 worth $42,000 after purchasing an additional 147 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of 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 worth $47,000 after purchasing an additional 167 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in shares of Gartner during the second quarter valued at $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Gartner during the third quarter valued at about $58,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IT shares. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a report on Wednesday, February 4th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a research report on Thursday, February 5th. UBS Group set a $180.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $190.70.

Insiders Place Their Bets

In other Gartner news, Director Stephen G. Pagliuca acquired 43,300 shares of Gartner stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, with a total value of $9,940,381.00. Following the purchase, the director owned 111,613 shares in the company, valued at approximately $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.60% of the company’s stock.

Gartner Trading Down 1.4%

Gartner stock opened at $166.65 on Tuesday. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $476.35. 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 firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 1.69 and a beta of 1.08. The company has a 50 day moving average price of $196.58 and a 200 day moving average price of $226.94.

Gartner (NYSE:IT) last announced 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 company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts forecast that Gartner, Inc. will post 12.5 EPS for the current year.

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.