Gartner, Inc. $IT Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in Gartner, Inc. (NYSE:IT) by 11.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,181,830 shares of the information technology services provider’s stock after purchasing an additional 122,894 shares during the period. Deutsche Bank AG’s holdings in Gartner were worth $298,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Focus Partners Advisor Solutions LLC increased its stake in shares of Gartner by 32.5% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,343 shares of the information technology services provider’s stock worth $1,348,000 after acquiring an additional 1,312 shares during the last quarter. Westerkirk Capital Inc. increased its stake in shares of Gartner by 27.7% in the 4th quarter. Westerkirk Capital Inc. now owns 3,691 shares of the information technology services provider’s stock worth $931,000 after acquiring an additional 800 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of Gartner by 120.0% in the 4th quarter. Waddell & Associates LLC now owns 1,789 shares of the information technology services provider’s stock worth $451,000 after acquiring an additional 976 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Gartner in the 4th quarter worth $1,190,000. Finally, Cerity Partners LLC increased its stake in shares of Gartner by 82.2% in the 4th quarter. Cerity Partners LLC now owns 59,091 shares of the information technology services provider’s stock worth $14,907,000 after acquiring an additional 26,652 shares during the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Down 1.4%

NYSE IT opened at $155.13 on Thursday. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $10.39 billion, a P/E ratio of 15.33, a PEG ratio of 0.86 and a beta of 0.94. The firm’s 50-day moving average is $155.40 and its two-hundred day moving average is $186.17. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $424.86.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $2.98 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. On average, sell-side analysts anticipate that Gartner, Inc. will post 13.8 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on IT shares. Royal Bank Of Canada cut their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. Wells Fargo & Company cut their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group set a $162.00 price objective on Gartner in a report on Tuesday, May 5th. Finally, Morgan Stanley decreased their price objective on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.70.

Gartner Company 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.