GHP Investment Advisors Inc. Cuts Stock Holdings in Gartner, Inc. $IT

by · The Markets Daily

GHP Investment Advisors Inc. lowered its holdings in Gartner, Inc. (NYSE:IT – Free Report) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,896 shares of the information technology services provider’s stock after selling 6,673 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Gartner were worth $2,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. increased its holdings in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 59 shares during the period. DV Equities LLC purchased a new stake in Gartner during the fourth quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares during the period. Entrust Financial LLC bought a new stake in Gartner during the 4th quarter valued at $26,000. Finally, Bell Investment Advisors Inc boosted its position in Gartner by 75.5% during the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 74 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IT has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a report on Tuesday, May 5th. Barclays decreased their target price on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, April 10th. Wells Fargo & Company lowered their target price on shares of Gartner from $140.00 to $120.00 and set an “underweight” rating for the company in a research note on Wednesday. Morgan Stanley cut their price target on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Finally, UBS Group reduced their price target on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. 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. Based on data from MarketBeat.com, Gartner has an average rating of “Hold” and a consensus price target of $174.10.

Read Our Latest Analysis on IT

Gartner Stock Up 6.7%

IT stock opened at $135.11 on Friday. The company has a market capitalization of $9.05 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.70 and a beta of 0.94. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $409.76. The firm’s fifty day simple moving average is $151.15 and its 200-day simple moving average is $178.37. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94.

Gartner (NYSE:IT – Get Free Report) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.33. The firm had revenue of $1.49 billion during 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%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 13.65 earnings per share for the current year.

Gartner Company Profile

(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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