Gartner, Inc. $IT Shares Sold by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP has reduced its holdings in Gartner, Inc. by 29.9% in the first quarter, now owning 10,163 shares worth approximately $4.27 million.
• Several institutional investors have changed positions in Gartner, with Cary Street Partners acquiring a new stake valued at $27,000 and Itau Unibanco increasing its stake by 453.3%.
• Analysts have downgraded Gartner's stock price targets significantly, with UBS Group setting a new price objective at $270.00, down from a previous $480.00.

Liontrust Investment Partners LLP reduced its position in Gartner, Inc. (NYSE:IT - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,163 shares of the information technology services provider's stock after selling 4,327 shares during the quarter. Liontrust Investment Partners LLP's holdings in Gartner were worth $4,266,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in shares of Gartner during the fourth quarter worth about $27,000. Itau Unibanco Holding S.A. grew its position in shares of Gartner by 453.3% during the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of Gartner during the first quarter worth about $42,000. GW&K Investment Management LLC grew its position in shares of Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Gartner during the first quarter worth about $55,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IT shares. BMO Capital Markets lowered their price objective on Gartner from $409.00 to $272.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Morgan Stanley lowered their price objective on Gartner from $455.00 to $322.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Wells Fargo & Company decreased their target price on Gartner from $345.00 to $225.00 and set an "underweight" rating for the company in a research note on Wednesday, August 6th. UBS Group restated a "neutral" rating and set a $270.00 target price (down previously from $480.00) on shares of Gartner in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group decreased their target price on Gartner from $535.00 to $457.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $369.25.

Gartner Stock Performance

Shares of Gartner stock traded up $3.3550 during trading hours on Tuesday, hitting $242.2950. 1,511,297 shares of the company were exchanged, compared to its average volume of 812,266. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. The business has a 50-day moving average of $352.70 and a 200-day moving average of $414.89. The stock has a market capitalization of $18.35 billion, a price-to-earnings ratio of 14.91 and a beta of 1.19.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $1.68 billion. During the same quarter in the prior year, the business earned $3.22 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Gartner has set its FY 2025 guidance at 11.750- EPS. As a group, analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Gartner Profile

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.