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

Deutsche Bank AG grew its position in Gartner, Inc. (NYSE:IT) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,181,830 shares of the information technology services provider’s stock after acquiring an additional 122,894 shares during the period. Deutsche Bank AG owned about 1.64% of Gartner worth $298,152,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IT. Physician Wealth Advisors Inc. grew its stake in Gartner by 143.9% in the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Rakuten Securities Inc. grew its stake in Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Entrust Financial LLC acquired a new stake in Gartner in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in Gartner in the 4th quarter valued at $28,000. Finally, Activest Wealth Management grew its stake in Gartner by 11,600.0% in the 4th quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Gartner from $166.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group set a $162.00 price target on shares of Gartner in a research note on Tuesday, May 5th. Barclays dropped their price target on shares of Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Royal Bank Of Canada dropped their price target on shares of Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.70.

Gartner Price Performance

Shares of Gartner stock opened at $155.13 on Thursday. The business has a 50 day simple moving average of $155.40 and a two-hundred day simple moving average of $186.17. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $424.86. 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 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) last posted its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. Gartner’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. As a group, analysts predict that Gartner, Inc. will post 13.8 EPS for the current fiscal 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.