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Glenmede Trust Co. NA Decreases Stock Position in Gartner, Inc. $IT

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Glenmede Trust Co. NA lessened its stake in Gartner, Inc. (NYSE:IT - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,395 shares of the information technology services provider's stock after selling 9,806 shares during the period. Glenmede Trust Co. NA owned about 0.11% of Gartner worth $11,146,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE grew its position in Gartner by 60.1% during the 1st quarter. Bank of America Corp DE now owns 773,771 shares of the information technology services provider's stock worth $122,519,000 after acquiring an additional 290,499 shares during the last quarter. Janus Henderson Group PLC lifted its position in Gartner by 5.7% in the first quarter. Janus Henderson Group PLC now owns 12,566 shares of the information technology services provider's stock valued at $1,989,000 after purchasing an additional 674 shares during the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of Gartner during the first quarter valued at approximately $789,000. Arkadios Wealth Advisors boosted its stake in shares of Gartner by 56.8% during the first quarter. Arkadios Wealth Advisors now owns 10,156 shares of the information technology services provider's stock valued at $1,608,000 after purchasing an additional 3,679 shares during the period. Finally, South Dakota Investment Council grew its holdings in shares of Gartner by 68.4% in the first quarter. South Dakota Investment Council now owns 33,488 shares of the information technology services provider's stock worth $5,302,000 after purchasing an additional 13,600 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Gartner from $175.00 to $160.00 and set a "sector perform" rating for the company in a report on Wednesday, May 6th. Weiss Ratings lowered shares of Gartner from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday. Wells Fargo & Company decreased their price objective on shares of Gartner from $140.00 to $120.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 24th. UBS Group decreased their price objective on shares of Gartner from $170.00 to $164.00 and set a "neutral" rating on the stock in a research report on Friday, June 12th. Finally, Barclays lowered their price objective on shares of Gartner from $180.00 to $150.00 and set an "equal weight" rating for the company in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Gartner presently has a consensus rating of "Hold" and a consensus price target of $173.10.

Get Our Latest Stock Report on IT

Gartner Stock Up 0.2%

Shares of Gartner stock opened at $151.34 on Monday. 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 company has a 50-day moving average of $144.62 and a 200 day moving average of $159.37. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.83 and a beta of 0.94. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $345.50.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business posted $2.98 EPS. Gartner's revenue was down 1.5% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, sell-side analysts anticipate that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

Trending Headlines about Gartner

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About Gartner

(Free Report)

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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