UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Gartner, Inc. $IT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Gartner, Inc. (NYSE:IT) by 33.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 510,785 shares of the information technology services provider’s stock after selling 261,269 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of Gartner worth $66,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Brighton Jones LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC purchased a new position in shares of Gartner in the second quarter valued at $336,000. Cresset Asset Management LLC grew its holdings in shares of Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares in the last quarter. Sei Investments Co. increased its position in Gartner by 9.2% in the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after purchasing an additional 50,251 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial set a $205.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Wells Fargo & Company upped their target price on shares of Gartner from $120.00 to $150.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. Finally, UBS Group lifted their price target on Gartner from $164.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus target price of $187.30.

Gartner Stock Performance

IT stock opened at $186.84 on Thursday. Gartner, Inc. has a twelve month low of $124.25 and a twelve month high of $265.85. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.66 and a beta of 0.95. The business’s fifty day simple moving average is $161.57 and its two-hundred day simple moving average is $156.95. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.76 by $0.61. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Gartner had a net margin of 11.99% and a return on equity of 525.46%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current year.

Insider Activity at Gartner

In related news, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares in the company, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Akhil Jain sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $201.73, for a total value of $141,211.00. Following the completion of the sale, the executive vice president owned 8,130 shares of the company’s stock, valued at $1,640,064.90. The trade was a 7.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,043 shares of company stock worth $1,172,858. Insiders own 2.60% of the company’s stock.

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.