Swiss National Bank Cuts Position in Gartner, Inc. $IT

Key Points

• Swiss National Bank cut its stake in Gartner by 4.6% in Q3, selling 10,600 shares and holding 221,831 shares (about 0.29% ownership) worth roughly $58.3 million.
• Analyst sentiment is mixed with a consensus Hold and a $190.70 target (4 Buys, 6 Holds, 2 Sells); Truist recently trimmed its target from $300 to $170.
• Gartner reported an EPS beat (Q: $3.94 vs. $3.50 expected) with revenue roughly in line at $1.75B, set FY2026 EPS guidance near 12.3, and the stock trades at a PE of ~16.6 with a ~$11.3B market cap.

Swiss National Bank reduced its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 221,831 shares of the information technology services provider's stock after selling 10,600 shares during the period. Swiss National Bank owned approximately 0.29% of Gartner worth $58,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IT. Penserra Capital Management LLC grew its position in Gartner by 12.3% during the second quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider's stock worth $165,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Gartner by 2.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider's stock worth $447,000 after acquiring an additional 46 shares during the period. Cresset Asset Management LLC increased its stake in Gartner by 3.3% in the 3rd quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider's stock valued at $392,000 after purchasing an additional 47 shares in the last quarter. Shell Asset Management Co. boosted its position in 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 worth $543,000 after purchasing an additional 54 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in Gartner by 32.1% in the third quarter. Rothschild Investment LLC now owns 255 shares of the information technology services provider's stock valued at $67,000 after purchasing an additional 62 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on IT shares. BMO Capital Markets reiterated a "market perform" rating on shares of Gartner in a research report on Thursday, February 5th. UBS Group set a $180.00 target price on shares of Gartner in a report on Wednesday, February 4th. Truist Financial cut their target price on shares of Gartner from $300.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gartner in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada set a $175.00 price objective on Gartner in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $190.70.

Gartner Stock Performance

Shares of NYSE IT opened at $160.41 on Thursday. The company has a market cap of $11.30 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $470.37. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day simple moving average of $192.83 and a 200-day simple moving average of $225.84.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.44. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share 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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