ING Groep NV Sells 53,776 Shares of Gartner, Inc. $IT

ING Groep NV lowered its stake in shares of Gartner, Inc. (NYSE:IT) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,215 shares of the information technology services provider’s stock after selling 53,776 shares during the period. ING Groep NV’s holdings in Gartner were worth $8,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Physician Wealth Advisors Inc. raised 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 valued at $25,000 after buying an additional 59 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of 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 last quarter. Entrust Financial LLC bought a new stake in shares of Gartner during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in Gartner in the fourth quarter worth $28,000. Finally, Activest Wealth Management increased its position in Gartner by 11,600.0% in the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.0%

Shares of IT stock opened at $164.09 on Monday. The stock’s fifty day moving average is $155.37 and its two-hundred day moving average is $187.60. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $10.99 billion, a P/E ratio of 16.21, a PEG ratio of 0.90 and a beta of 0.94. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $430.19.

Gartner (NYSE:IT) last announced 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. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts expect that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Morgan Stanley dropped their price objective 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. Barclays dropped 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 note on Friday, April 10th. Finally, Weiss Ratings lowered shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Two 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.