Crestwood Advisors Group LLC Has $4.29 Million Stake in Gartner, Inc. $IT

Key Points

• Crestwood Advisors Group increased its Gartner stake by 299.1% in the fourth quarter, holding 17,022 shares worth about $4.29 million at quarter-end.
• Several other institutional investors also added to or initiated positions in Gartner, and 91.51% of the stock is owned by institutions and hedge funds.
• Gartner reported better-than-expected earnings of $3.32 per share, though revenue came in slightly below estimates; meanwhile, analyst sentiment remains mixed with a consensus rating of Hold and a target price of $176.70.

Crestwood Advisors Group LLC boosted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 299.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,022 shares of the information technology services provider's stock after buying an additional 12,757 shares during the period. Crestwood Advisors Group LLC's holdings in Gartner were worth $4,294,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in Gartner by 47.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,100 shares of the information technology services provider's stock worth $782,000 after buying an additional 1,003 shares in the last quarter. Praxis Investment Management Inc. acquired a new stake in Gartner during the fourth quarter worth about $392,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Gartner by 4.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,735 shares of the information technology services provider's stock worth $38,810,000 after buying an additional 7,717 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in Gartner during the fourth quarter worth about $16,115,000. Finally, Horizon Investments LLC grew its stake in Gartner by 4.3% during the fourth quarter. Horizon Investments LLC now owns 1,237 shares of the information technology services provider's stock worth $312,000 after buying an additional 51 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research reports. Weiss Ratings cut shares of Gartner from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday. Royal Bank Of Canada dropped their target price on shares of Gartner from $175.00 to $160.00 and set a "sector perform" rating for the company in a report on Wednesday. Morgan Stanley dropped their target price on shares of Gartner from $200.00 to $183.00 and set an "equal weight" rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a report on Wednesday, February 4th. Finally, UBS Group increased their target price on shares of Gartner from $166.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $176.70.

Gartner News Summary

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: No clear positive company-specific catalysts were reported in the provided articles.
• Neutral Sentiment: Gartner published/was cited in a headline about the risks of using layoffs to fund AI initiatives, reinforcing its influence on enterprise strategy commentary.
• Negative Sentiment: Several law firms issued or repeated class-action and securities-fraud alerts against Gartner, keeping legal uncertainty front and center for investors. Article Title
• Negative Sentiment: The pending shareholder lawsuit and approaching lead-plaintiff deadline may pressure the stock by reminding investors of possible damages and ongoing litigation risk. Article Title

Gartner Stock Up 0.5%

Shares of NYSE IT opened at $158.62 on Friday. The company has a 50 day simple moving average of $156.24 and a 200 day simple moving average of $199.73. The firm has a market cap of $11.17 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 0.87 and a beta of 0.91. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $451.73. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 1.00.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during 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 quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, research analysts forecast that Gartner, Inc. will post 13.7 EPS for the current year.

Gartner 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.

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