Laurus Global Equity Management Inc. Purchases 19,680 Shares of Gartner, Inc. $IT

Laurus Global Equity Management Inc. raised its position in Gartner, Inc. (NYSE:IT) by 135.0% during the 4th quarter, HoldingsChannel reports. The fund owned 34,260 shares of the information technology services provider’s stock after buying an additional 19,680 shares during the quarter. Gartner comprises about 7.0% of Laurus Global Equity Management Inc.’s portfolio, making the stock its 5th largest holding. Laurus Global Equity Management Inc.’s holdings in Gartner were worth $8,643,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in IT. Brighton Jones LLC acquired a new position in Gartner during the fourth quarter worth $309,000. Sivia Capital Partners LLC acquired a new stake in Gartner in the 2nd quarter valued at $336,000. Cresset Asset Management LLC lifted its position in Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after buying an additional 191 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after buying an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after buying an additional 50,251 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Performance

Shares of NYSE:IT traded down $10.27 on Thursday, hitting $146.83. The company had a trading volume of 123,287 shares, compared to its average volume of 1,542,253. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 0.97 and a beta of 1.05. The stock has a 50 day moving average price of $156.96 and a 200 day moving average price of $205.85. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $451.73. 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 (NYSE:IT) last posted its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. Gartner’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts expect that Gartner, Inc. will post 13.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on IT. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 price target on Gartner in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a research report on Wednesday, February 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. Finally, UBS Group cut their price objective on Gartner from $180.00 to $166.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $185.30.

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.