285,847 Shares in Gartner, Inc. $IT Bought by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 285,847 Gartner shares in the second quarter, valued at approximately $37.1 million, giving it a 0.43% stake. Institutional investors collectively own 91.51% of the company.
• Gartner reported quarterly EPS of $4.37, beating estimates of $3.76, while revenue reached $1.68 billion. Revenue declined 0.6% year over year, and analysts expect full-year EPS of about $14.44.
• Analyst sentiment remains mixed, with Gartner carrying a consensus “Hold” rating and an average price target of $187.30. Two executives recently sold shares, while insiders collectively own 2.60% of the company.

Deutsche Bank AG acquired a new stake in Gartner, Inc. (NYSE:IT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 285,847 shares of the information technology services provider's stock, valued at approximately $37,051,000. Deutsche Bank AG owned about 0.43% of Gartner at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IT. Physician Wealth Advisors Inc. increased its stake in Gartner by 143.9% during the 4th quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 59 shares during the period. DV Equities LLC bought a new position in Gartner during the 4th quarter worth approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Gartner by 1,980.0% during the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Entrust Financial LLC bought a new stake in Gartner in the fourth quarter valued at $26,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Gartner during the fourth quarter worth approximately $28,000. 91.51% of the stock is owned by institutional investors.

Gartner Trading Up 1.2%

IT opened at $195.92 on Friday. Gartner, Inc. has a 12 month low of $124.25 and a 12 month high of $265.85. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.98. The firm has a market cap of $12.37 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.64 and a beta of 0.94. The stock has a 50-day moving average of $151.55 and a 200 day moving average of $155.15.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $3.53 earnings per share. The business's revenue for the quarter was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. As a group, research analysts forecast that Gartner, Inc. will post 14.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IT. Zacks Research raised shares of Gartner from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. The Goldman Sachs Group upped their price objective on shares of Gartner from $162.00 to $181.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. UBS Group increased their price objective on Gartner from $164.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of Gartner from $160.00 to $164.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lowered their price target on Gartner from $214.00 to $206.00 and set a "market perform" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Gartner has an average rating of "Hold" and a consensus target price of $187.30.

Insider Buying and Selling

In related news, EVP Yvonne Genovese sold 1,205 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares of the company's stock, valued at $1,179,892.48. This represents a 16.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The stock was sold at an average price of $184.30, for a total transaction of $158,498.00. Following the sale, the director owned 8,097 shares of the company's stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.60% of the company's stock.

About Gartner

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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