EULAV Asset Management Sells 180,991 Shares of Gartner, Inc. $IT

EULAV Asset Management reduced its position in shares of Gartner, Inc. (NYSE:IT) by 83.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,209 shares of the information technology services provider’s stock after selling 180,991 shares during the quarter. EULAV Asset Management’s holdings in Gartner were worth $9,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Rakuten Securities Inc. raised its holdings in Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Entrust Financial LLC bought a new stake in Gartner during the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in Gartner during the 4th quarter valued at $28,000. Finally, Activest Wealth Management raised its holdings in Gartner by 11,600.0% during the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 116 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Truist Financial lowered their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Wells Fargo & Company lowered their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. UBS Group upped their price target on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reduced their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Stock Down 0.5%

Shares of Gartner stock opened at $164.09 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company’s fifty day simple moving average is $155.37 and its two-hundred day simple moving average is $187.87. The company has a market cap of $10.99 billion, a P/E ratio of 16.21, a PEG ratio of 0.91 and a beta of 0.94. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $430.19.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts anticipate that Gartner, Inc. will post 13.7 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.