TD Asset Management Inc Sells 42,618 Shares of Gartner, Inc. $IT

TD Asset Management Inc reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 52.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,376 shares of the information technology services provider’s stock after selling 42,618 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Gartner worth $9,934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC lifted its position in Gartner by 91.6% during the fourth quarter. Sivia Capital Partners LLC now owns 3,537 shares of the information technology services provider’s stock valued at $892,000 after acquiring an additional 1,691 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Gartner by 1.9% during the 4th quarter. Lido Advisors LLC now owns 7,813 shares of the information technology services provider’s stock valued at $2,005,000 after purchasing an additional 149 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Gartner by 60.0% in the 4th quarter. CIBC Asset Management Inc now owns 17,097 shares of the information technology services provider’s stock worth $4,313,000 after purchasing an additional 6,411 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Gartner by 36.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,274,648 shares of the information technology services provider’s stock worth $321,568,000 after buying an additional 339,500 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in Gartner by 2.9% during the 4th quarter. New Mexico Educational Retirement Board now owns 3,550 shares of the information technology services provider’s stock worth $896,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Gartner Trading Down 1.9%

Shares of Gartner stock opened at $157.38 on Wednesday. The stock has a market cap of $10.54 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94. The firm has a fifty day moving average price of $155.48 and a 200 day moving average price of $186.65. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $430.19. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating the consensus estimate 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 net margin of 11.44% and a return on equity of 161.39%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on IT. Morgan Stanley lowered their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada decreased their price objective on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Wells Fargo & Company dropped their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Finally, Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock 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.