Black Creek Investment Management Inc. Buys 7,924 Shares of Gartner, Inc. $IT

Black Creek Investment Management Inc. grew its stake in shares of Gartner, Inc. (NYSE:IT) by 400.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,904 shares of the information technology services provider’s stock after purchasing an additional 7,924 shares during the quarter. Gartner comprises 0.1% of Black Creek Investment Management Inc.’s portfolio, making the stock its 23rd biggest holding. Black Creek Investment Management Inc.’s holdings in Gartner were worth $2,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cresset Asset Management LLC grew its stake in shares of Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after buying an additional 47 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider’s stock valued at $312,000 after buying an additional 51 shares during the last quarter. Shell Asset Management Co. grew its stake in shares of Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock valued at $543,000 after buying an additional 54 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Gartner by 5.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after buying an additional 56 shares during the last quarter. Finally, Physician Wealth Advisors Inc. grew its stake in shares of Gartner by 143.9% during 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 during the last quarter. 91.51% of the stock is owned by institutional investors.

Gartner Stock Down 0.5%

NYSE IT opened at $148.07 on Friday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $9.91 billion, a PE ratio of 14.63, a PEG ratio of 0.81 and a beta of 0.94. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $413.26. The business’s 50-day moving average is $155.07 and its 200 day moving average is $185.30.

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

Analyst Upgrades and Downgrades

IT has been the topic of a number of recent research reports. Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 8th. UBS Group cut their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday. The Goldman Sachs Group set a $162.00 target price on Gartner in a research note on Tuesday, May 5th. Wells Fargo & Company cut their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Finally, Morgan Stanley cut their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $176.10.

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.