Crestwood Advisors Group LLC Has $4.29 Million Holdings in Gartner, Inc. $IT

Crestwood Advisors Group LLC raised its position in shares of Gartner, Inc. (NYSE:IT) by 299.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 17,022 shares of the information technology services provider’s stock after purchasing an additional 12,757 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Gartner were worth $4,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new stake in Gartner during the 4th quarter valued at approximately $3,516,000. Allianz Asset Management GmbH increased its position in Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares during the period. Madison Asset Management LLC increased its position in Gartner by 1.8% during the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after purchasing an additional 12,998 shares during the period. Weitz Investment Management Inc. increased its position in 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 valued at $28,226,000 after purchasing an additional 19,450 shares during the period. Finally, GHP Investment Advisors Inc. grew 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 during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Performance

NYSE IT opened at $158.62 on Friday. The company has a fifty day simple moving average of $156.24 and a 200 day simple moving average of $199.73. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $451.73. The company has a current ratio of 0.94, a quick ratio of 1.00 and a debt-to-equity ratio of 46.98. The company has a market cap of $11.17 billion, a P/E ratio of 15.67, a PEG ratio of 0.87 and a beta of 0.91.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $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. Sell-side analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: No clear positive company-specific catalysts were reported in the provided articles.
• Neutral Sentiment: Gartner published/was cited in a headline about the risks of using layoffs to fund AI initiatives, reinforcing its influence on enterprise strategy commentary.
• Negative Sentiment: Several law firms issued or repeated class-action and securities-fraud alerts against Gartner, keeping legal uncertainty front and center for investors. Article Title
• Negative Sentiment: The pending shareholder lawsuit and approaching lead-plaintiff deadline may pressure the stock by reminding investors of possible damages and ongoing litigation risk. Article Title

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IT shares. Robert W. Baird set a $240.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. Truist Financial reduced their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 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 for the company in a research report on Wednesday. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research report on Tuesday. Finally, Barclays reduced their price objective on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $176.70.

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.