Aware Super Pty Ltd as trustee of Aware Super Invests $1.63 Million in Gartner, Inc. $IT

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Gartner, Inc. (NYSE:IT) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 10,314 shares of the information technology services provider’s stock, valued at approximately $1,633,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP grew its holdings in Gartner by 8,182.0% during the fourth quarter. J. Stern & Co. LLP now owns 1,536,890 shares of the information technology services provider’s stock valued at $387,727,000 after purchasing an additional 1,518,333 shares during the period. Norges Bank bought a new stake in Gartner during the 4th quarter worth approximately $299,576,000. Northwestern Mutual Wealth Management Co. raised its holdings in Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock worth $258,827,000 after buying an additional 1,025,010 shares during the period. Capital International Investors lifted its stake in Gartner by 28.3% in the fourth quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after buying an additional 884,250 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Gartner by 51.9% in the fourth quarter. AQR Capital Management LLC now owns 1,892,004 shares of the information technology services provider’s stock valued at $477,315,000 after buying an additional 646,052 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Stock Performance

IT opened at $140.45 on Friday. The business has a fifty day simple moving average of $145.97 and a 200 day simple moving average of $167.07. The company has a market capitalization of $9.40 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $361.20. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

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

Wall Street Analysts Forecast Growth

IT has been the subject of a number of research reports. Morgan Stanley lowered their target price on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Barclays cut their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company decreased their price objective on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $173.10.

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.