Oppenheimer Asset Management Inc. Has $10.22 Million Stock Position in Gartner, Inc. $IT

Oppenheimer Asset Management Inc. reduced its position in shares of Gartner, Inc. (NYSE:ITFree Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,510 shares of the information technology services provider’s stock after selling 5,980 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of Gartner worth $10,220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Gartner in the fourth quarter worth approximately $309,000. Sivia Capital Partners LLC purchased a new stake in shares of Gartner in the second quarter worth approximately $336,000. Cresset Asset Management LLC raised its stake in shares of Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. raised its stake in shares of Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have recently commented on IT shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research note on Tuesday, April 21st. Robert W. Baird set a $240.00 price objective on Gartner in a research note on Wednesday, February 4th. Barclays lowered their price objective on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Truist Financial lowered their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $180.40.

Check Out Our Latest Stock Report on IT

Gartner Stock Performance

IT stock opened at $146.47 on Friday. The firm has a market cap of $10.32 billion, a PE ratio of 15.18, a P/E/G ratio of 0.90 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The business has a 50 day moving average of $155.98 and a 200-day moving average of $202.10. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $451.73.

Gartner (NYSE:ITGet Free Report) last released 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.Gartner’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, sell-side analysts expect that Gartner, Inc. will post 13.3 earnings per share for the current year.

Gartner Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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