Harel Insurance Investments & Financial Services Ltd. Invests $1.35 Million in Gartner, Inc. $IT

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,520 shares of the information technology services provider’s stock, valued at approximately $1,349,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. boosted its position in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC acquired a new stake in shares of Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in shares of Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Gartner in the fourth quarter valued at about $26,000. Finally, Bell Investment Advisors Inc grew its stake in shares of Gartner by 75.5% in the first quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Up 0.9%

IT stock opened at $134.12 on Thursday. The stock has a market capitalization of $8.98 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.74 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $368.73. The firm has a 50-day moving average price of $146.64 and a 200-day moving average price of $168.03.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 13.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IT shares. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 24th. Morgan Stanley cut their price target on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. The Goldman Sachs Group set a $162.00 price target on Gartner in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered their price objective on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $173.10.

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.