Bamco Inc. NY Reduces Stock Holdings in Gartner, Inc. $IT

Bamco Inc. NY lowered its position in shares of Gartner, Inc. (NYSE:IT) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,212,957 shares of the information technology services provider’s stock after selling 109,156 shares during the quarter. Gartner accounts for approximately 2.9% of Bamco Inc. NY’s investment portfolio, making the stock its 6th biggest holding. Bamco Inc. NY owned 0.06% of Gartner worth $1,062,845,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Moran Wealth Management LLC bought a new position in shares of Gartner during the 4th quarter worth approximately $3,516,000. CWM LLC lifted its position in shares of Gartner by 86.4% during the 4th quarter. CWM LLC now owns 57,684 shares of the information technology services provider’s stock worth $14,553,000 after buying an additional 26,734 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in shares of Gartner by 111.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 25,569 shares of the information technology services provider’s stock worth $6,451,000 after buying an additional 13,493 shares in the last quarter. Weitz Investment Management Inc. lifted its position in shares of Gartner by 22.1% during the 3rd quarter. Weitz Investment Management Inc. now owns 107,375 shares of the information technology services provider’s stock worth $28,226,000 after buying an additional 19,450 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Gartner by 10.6% during the 3rd quarter. Barclays PLC now owns 252,521 shares of the information technology services provider’s stock worth $66,380,000 after buying an additional 24,116 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IT shares. UBS Group decreased their price target on shares of Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Barclays decreased their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Royal Bank Of Canada decreased their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, Morgan Stanley decreased their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Two equities research 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. Based on data from MarketBeat.com, Gartner presently has an average rating of “Hold” and an average target price of $176.10.

Gartner Stock Down 6.1%

Gartner stock opened at $133.61 on Thursday. Gartner, Inc. has a 1-year low of $133.26 and a 1-year high of $409.76. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.78 and a beta of 0.94. 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 firm has a 50 day simple moving average of $154.01 and a 200 day simple moving average of $183.03.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $2.98 EPS. Gartner’s revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, analysts predict that Gartner, Inc. will post 13.67 earnings per share for the current year.

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.