Bank of Nova Scotia Has $34.92 Million Stock Position in Gartner, Inc. $IT

Bank of Nova Scotia raised its holdings in shares of Gartner, Inc. (NYSE:IT) by 62.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,850 shares of the information technology services provider’s stock after acquiring an additional 51,103 shares during the quarter. Bank of Nova Scotia owned approximately 0.18% of Gartner worth $34,922,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. True Wealth Design LLC boosted its holdings in Gartner by 1,130.8% during 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 last quarter. Versant Capital Management Inc increased its stake in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 167 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in Gartner during the 2nd quarter worth about $48,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Gartner during the 3rd quarter worth about $58,000. Finally, Rothschild Investment LLC boosted its stake in shares of Gartner by 32.1% during the 3rd quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider’s stock worth $67,000 after buying an additional 62 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 3.7%

Shares of IT stock opened at $166.54 on Monday. 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’s 50-day moving average is $189.59 and its 200-day moving average is $224.58. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.67 and a beta of 1.08. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $464.87.

Gartner (NYSE:IT) last issued 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 business had revenue of $1.75 billion during 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%. Gartner’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Sell-side analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Upgrades and Downgrades

IT has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Gartner in a report on Thursday, January 22nd. Morgan Stanley dropped their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Truist Financial reduced their price target on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Barclays decreased their price target on Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $240.00 price objective on Gartner in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $190.70.

Gartner Company 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.