Catalyst Funds Management Pty Ltd Makes New Investment in Gartner, Inc. $IT

by · The Cerbat Gem

Catalyst Funds Management Pty Ltd bought a new stake in shares of Gartner, Inc. (NYSE:IT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,280 shares of the information technology services provider’s stock, valued at approximately $1,080,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IT. Independent Franchise Partners LLP bought a new position in shares of Gartner during the 3rd quarter valued at approximately $840,166,000. Capital International Investors bought a new position in shares of Gartner during the 3rd quarter valued at approximately $820,113,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Gartner by 108,812.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,025,952 shares of the information technology services provider’s stock valued at $258,827,000 after acquiring an additional 1,025,010 shares during the period. Bamco Inc. NY grew its position in shares of Gartner by 18.3% during the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after acquiring an additional 669,352 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Gartner by 88.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,245,952 shares of the information technology services provider’s stock valued at $326,278,000 after acquiring an additional 585,766 shares during the period. 91.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IT. UBS Group increased their target price on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Morgan Stanley reduced their target price on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $240.00 price target on shares of Gartner in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $176.70.

Read Our Latest Stock Report on IT

Gartner Stock Performance

Shares of IT stock opened at $160.35 on Friday. The stock has a market capitalization of $10.74 billion, a P/E ratio of 15.84, a PEG ratio of 0.88 and a beta of 0.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The firm’s 50 day moving average is $154.29 and its 200 day moving average is $192.57. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $446.32.

Gartner (NYSE:IT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. Gartner’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 13.7 earnings per share for the current year.

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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