UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $281.44 Million Stock Position in Gartner, Inc. $IT

Key Points

• UBS Asset Management increased its stake in Gartner, Inc. by 3.2%, owning 670,512 shares valued at approximately $281.4 million as of the latest SEC filing.
• Gartner's stock is currently trading down by 5.4%, with a market capitalization of $17.64 billion and a 52-week trading range between $223.65 and $584.01.
• Recent analyst ratings have downgraded Gartner's target prices, with BMO Capital Markets setting the new target at $272.00, reflecting a significant reduction from previous estimates.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 670,512 shares of the information technology services provider's stock after purchasing an additional 20,945 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.87% of Gartner worth $281,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in IT. Olde Wealth Management LLC bought a new stake in shares of Gartner in the first quarter valued at about $42,000. GW&K Investment Management LLC grew its position in shares of Gartner by 210.8% during the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 78 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of Gartner during the first quarter worth approximately $55,000. Bayforest Capital Ltd raised its position in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider's stock valued at $58,000 after buying an additional 116 shares in the last quarter. Finally, WPG Advisers LLC bought a new stake in shares of Gartner in the first quarter valued at approximately $69,000. Institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IT shares. Wolfe Research began coverage on Gartner in a research report on Wednesday, September 3rd. They set a "peer perform" rating for the company. The Goldman Sachs Group reduced their price objective on shares of Gartner from $535.00 to $457.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Barclays dropped their target price on shares of Gartner from $475.00 to $320.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company reduced their price target on shares of Gartner from $345.00 to $225.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 6th. Finally, UBS Group restated a "neutral" rating and set a $270.00 price objective (down from $480.00) on shares of Gartner in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Gartner has a consensus rating of "Hold" and a consensus price target of $357.44.

Gartner Trading Up 1.2%

Shares of Gartner stock traded up $2.93 on Tuesday, hitting $249.82. The stock had a trading volume of 537,694 shares, compared to its average volume of 871,438. The firm has a market capitalization of $18.92 billion, a P/E ratio of 15.38 and a beta of 1.20. The stock has a 50 day moving average of $289.30 and a 200 day moving average of $377.00. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.11 and a current ratio of 1.11. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The information technology services provider reported $3.53 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.15. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $3.22 earnings per share. Gartner's quarterly revenue was up 5.7% on a year-over-year basis. Gartner has set its FY 2025 guidance at 11.750- EPS. Sell-side analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, Director Jose M. Gutierrez bought 417 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $239.80 per share, with a total value of $99,996.60. Following the completion of the purchase, the director directly owned 2,080 shares of the company's stock, valued at approximately $498,784. This trade represents a 25.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 105 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $249.71, for a total value of $26,219.55. Following the completion of the transaction, the senior vice president directly owned 3,225 shares in the company, valued at approximately $805,314.75. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.