Gartner, Inc. $IT Stock Position Cut by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in Gartner, Inc. (NYSE:IT) by 40.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,308 shares of the information technology services provider’s stock after selling 9,758 shares during the period. WINTON GROUP Ltd’s holdings in Gartner were worth $3,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. Cresset Asset Management LLC lifted its holdings in Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after acquiring an additional 47 shares during the last quarter. Horizon Investments LLC lifted its holdings in Gartner by 4.3% in the 4th quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after acquiring an additional 51 shares during the last quarter. Shell Asset Management Co. lifted its holdings in Gartner by 2.7% in the 3rd quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock valued at $543,000 after acquiring an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 56 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

IT stock opened at $164.09 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a one year low of $139.18 and a one year high of $430.19. The firm has a market capitalization of $10.99 billion, a PE ratio of 16.21, a P/E/G ratio of 0.90 and a beta of 0.94. The firm has a 50-day moving average of $155.37 and a two-hundred day moving average of $187.60.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $2.98 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analyst Ratings Changes

IT has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. Royal Bank Of Canada cut their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Finally, Morgan Stanley cut their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $176.70.

Gartner Profile

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.