Bull Harbor Capital LLC Acquires Shares of 4,980 Gartner, Inc. $IT

Bull Harbor Capital LLC bought a new stake in Gartner, Inc. (NYSE:IT) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,980 shares of the information technology services provider’s stock, valued at approximately $789,000.

Several other large investors have also made changes to their positions in IT. Physician Wealth Advisors Inc. boosted its position in Gartner by 143.9% in 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 in the last quarter. DV Equities LLC acquired a new stake in shares of Gartner during the fourth quarter worth approximately $25,000. Rakuten Securities Inc. raised its stake in shares of Gartner by 1,980.0% in the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Gartner in the fourth quarter valued at approximately $26,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Down 7.7%

Shares of NYSE IT opened at $152.86 on Friday. The firm has a market capitalization of $10.23 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.92 and a beta of 0.97. 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 1 year low of $124.25 and a 1 year high of $345.50. The firm’s 50-day moving average is $144.80 and its 200-day moving average is $160.01.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping 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 business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $2.98 earnings per share. Gartner’s revenue for the quarter was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts expect that Gartner, Inc. will post 13.61 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Wednesday, June 24th. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Barclays decreased their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. UBS Group lowered their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Finally, The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $173.10.

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.