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Gartner, Inc. $IT Shares Purchased by Danske Bank A S

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Key Points

  • Danske Bank A/S boosted its stake in Gartner by 15.5% in Q4 to 56,937 shares (about $14.36M), part of heavy institutional activity that leaves institutions owning roughly 91.51% of the stock.
  • Multiple analysts have cut price targets (e.g., Goldman $220→$171, Barclays to $150, Truist to $170), resulting in a consensus Hold rating with an average target of $180.40 versus the current price near $146.47.
  • Gartner beat quarterly EPS ($3.94 vs. $3.50) and stands to benefit from AI-driven demand, but faces near-term downside from a wave of securities‑fraud class action notices that could raise legal costs and headline risk.
  • MarketBeat previews top five stocks to own in June.

Danske Bank A S increased its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 15.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,937 shares of the information technology services provider's stock after purchasing an additional 7,659 shares during the quarter. Danske Bank A S owned 0.08% of Gartner worth $14,364,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IT. Independent Franchise Partners LLP acquired a new stake in Gartner during the 3rd quarter worth approximately $840,166,000. Capital International Investors acquired a new stake in Gartner during the 3rd quarter worth approximately $820,113,000. Bamco Inc. NY increased its position in Gartner by 18.3% during the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider's stock worth $1,136,154,000 after purchasing an additional 669,352 shares in the last quarter. AQR Capital Management LLC increased its position in Gartner by 88.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,245,952 shares of the information technology services provider's stock worth $326,278,000 after purchasing an additional 585,766 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Gartner by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider's stock worth $2,650,304,000 after purchasing an additional 509,902 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group cut Gartner from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $220.00 to $171.00 in a report on Monday, April 27th. Barclays decreased their price target on Gartner from $180.00 to $150.00 and set an "equal weight" rating for the company in a report on Friday, April 10th. Royal Bank Of Canada set a $175.00 price target on Gartner in a report on Wednesday, February 4th. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 6th. Finally, Morgan Stanley decreased their price target on Gartner from $275.00 to $200.00 and set an "equal weight" rating for the company in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $180.40.

Check Out Our Latest Report on IT

Gartner Stock Performance

Gartner stock opened at $146.47 on Monday. The stock has a market cap of $10.32 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The stock has a 50 day moving average of $155.98 and a 200-day moving average of $201.48. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $451.73.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating the consensus estimate of $3.50 by $0.44. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The business's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, analysts expect that Gartner, Inc. will post 13.3 EPS for the current fiscal year.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

About Gartner

(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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Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT - Free Report).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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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