Gartner, Inc. $IT is Bamco Inc. NY’s 7th Largest Position

Bamco Inc. NY lifted its holdings in Gartner, Inc. (NYSE:IT) by 18.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,322,113 shares of the information technology services provider’s stock after buying an additional 669,352 shares during the period. Gartner makes up about 3.0% of Bamco Inc. NY’s portfolio, making the stock its 7th biggest holding. Bamco Inc. NY owned 0.06% of Gartner worth $1,136,154,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Gartner in the fourth quarter worth about $309,000. Sivia Capital Partners LLC bought a new stake in Gartner during the second quarter worth approximately $336,000. Savant Capital LLC raised its position in Gartner by 16.8% during the second quarter. Savant Capital LLC now owns 1,418 shares of the information technology services provider’s stock valued at $573,000 after purchasing an additional 204 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Gartner by 4.1% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,417 shares of the information technology services provider’s stock valued at $4,615,000 after purchasing an additional 451 shares during the last quarter. Finally, Candriam S.C.A. lifted its stake in shares of Gartner by 1.8% in the 2nd quarter. Candriam S.C.A. now owns 6,833 shares of the information technology services provider’s stock valued at $2,762,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Truist Financial lowered their price target on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research report on Wednesday, February 4th. UBS Group set a $180.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $190.70.

Gartner Price Performance

Shares of IT stock opened at $166.54 on Friday. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $464.87. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $11.73 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.67 and a beta of 1.08. The stock has a 50 day moving average price of $189.59 and a 200 day moving average price of $224.74.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the business earned $5.45 EPS. Gartner’s revenue was up 2.2% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Gartner Company 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.