Fintel reports that on June 1, 2023, UBS initiated coverage of Gartner (NYSE:IT) with a Neutral recommendation.
Analyst Price Forecast Suggests 8.75% Upside
As of May 11, 2023, the average one-year price target for Gartner is 372.87. The forecasts range from a low of 321.18 to a high of $427.35. The average price target represents an increase of 8.75% from its latest reported closing price of 342.86.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Gartner is 6,056MM, an increase of 7.72%. The projected annual non-GAAP EPS is 9.91.
What is the Fund Sentiment?
There are 1552 funds or institutions reporting positions in Gartner. This is an increase of 1 owner(s) or 0.06% in the last quarter. Average portfolio weight of all funds dedicated to IT is 0.39%, an increase of 2.61%. Total shares owned by institutions decreased in the last three months by 2.16% to 89,400K shares. 
The put/call ratio of IT is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Bamco holds 4,796K shares representing 6.07% ownership of the company. In it's prior filing, the firm reported owning 4,899K shares, representing a decrease of 2.13%. The firm decreased its portfolio allocation in IT by 15.17% over the last quarter.
Massachusetts Financial Services holds 2,947K shares representing 3.73% ownership of the company. In it's prior filing, the firm reported owning 2,698K shares, representing an increase of 8.45%. The firm decreased its portfolio allocation in IT by 84.08% over the last quarter.
Polen Capital Management holds 2,707K shares representing 3.43% ownership of the company. In it's prior filing, the firm reported owning 2,743K shares, representing a decrease of 1.32%. The firm decreased its portfolio allocation in IT by 13.55% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,325K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 2,283K shares, representing an increase of 1.84%. The firm decreased its portfolio allocation in IT by 8.84% over the last quarter.
Generation Investment Management Llp holds 2,038K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 2,047K shares, representing a decrease of 0.46%. The firm decreased its portfolio allocation in IT by 11.01% over the last quarter.
Gartner Background Information
(This description is provided by the company.)
Gartner, Inc. is the world's leading research and advisory company and a member of the S&P 500. Gartner equips business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Its unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Gartner is a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries - across all major functions, in every industry and enterprise size.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
