PFA Pension Forsikringsaktieselskab Invests $16.12 Million in Gartner, Inc. $IT

PFA Pension Forsikringsaktieselskab bought a new position in shares of Gartner, Inc. (NYSE:ITFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 63,296 shares of the information technology services provider’s stock, valued at approximately $16,115,000.

Other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. increased its position in shares of 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 acquiring an additional 59 shares during the period. Rakuten Securities Inc. increased its holdings in Gartner by 1,980.0% during the fourth 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 period. Activest Wealth Management increased its holdings in Gartner by 11,600.0% during the fourth 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 period. Osterweis Capital Management Inc. purchased a new position in Gartner during the second quarter valued at approximately $48,000. Finally, Eastern Bank increased its holdings in Gartner by 236.8% during the fourth quarter. Eastern Bank now owns 128 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 90 shares during the period. 91.51% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

Gartner Price Performance

NYSE IT opened at $146.47 on Monday. The firm’s fifty day simple moving average is $155.98 and its two-hundred day simple moving average is $201.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $451.73. The firm has a market capitalization of $10.32 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.89 and a beta of 0.91.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company earned $5.45 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts forecast that Gartner, Inc. will post 13.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial cut their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a report on Tuesday, April 21st. The Goldman Sachs Group lowered shares of Gartner from a “buy” rating to a “neutral” rating and cut their price objective for the company from $220.00 to $171.00 in a report on Monday, April 27th. BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Finally, UBS Group cut their price objective on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Gartner currently has a consensus rating of “Hold” and a consensus price target of $180.40.

Check Out Our Latest Report on Gartner

About Gartner

(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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