Sumitomo Mitsui Trust Group Inc. Cuts Stock Position in Gartner, Inc. $IT

Key Points

• Sumitomo Mitsui Trust Group cut its stake in Gartner by 5.5% in Q4, selling 11,368 shares to hold 194,749 shares worth about $49.13 million (roughly a 0.27% stake).
• Renewed class‑action scrutiny — multiple plaintiff firms have filed notices and the lead‑plaintiff deadline is May 18, 2026 — boosting legal risk and contributing to recent share weakness and headline‑driven volatility.
• Mixed fundamentals and analyst sentiment: Gartner beat Q4 EPS ($3.94 vs. $3.50) and set FY26 guidance of 12.300 EPS, but several analysts have cut targets and the stock's consensus rating is "Hold" with an average target of $185.30.

Sumitomo Mitsui Trust Group Inc. cut its holdings in shares of Gartner, Inc. (NYSE:IT - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,749 shares of the information technology services provider's stock after selling 11,368 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.27% of Gartner worth $49,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eastern Bank increased its stake in Gartner by 236.8% during the fourth quarter. Eastern Bank now owns 128 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 90 shares during the period. Aventura Private Wealth LLC purchased a new stake in Gartner during the fourth quarter worth about $40,000. True Wealth Design LLC increased its stake in Gartner by 1,130.8% during the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 147 shares during the period. Versant Capital Management Inc increased its stake in shares of Gartner by 1,284.6% during the third quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider's stock worth $47,000 after buying an additional 167 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Gartner during the second quarter worth approximately $48,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Key Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Zacks highlights Gartner’s diverse offerings and premium insights as drivers of steady growth and recurring revenue, which could support downside resilience even amid margin pressures from talent costs and FX. Diverse Offerings Aid Gartner
• Neutral Sentiment: Multiple law firms and alert notices remind investors of the May 18, 2026 lead‑plaintiff deadline for a class action covering purchases from Feb 4, 2025 to Feb 2, 2026 — this is largely procedural for now (opportunity to seek lead plaintiff), but it keeps the litigation timeline active. Investor Deadline: Gartner Class Action
• Negative Sentiment: Several plaintiff firms (Rosen, Bragar Eagel & Squire, Robbins Geller, Faruqi & Faruqi, Levi & Korsinsky, Pomerantz, Schall, Gross, Bernstein Liebhard, etc.) have issued alerts or filed suits — renewing scrutiny of Gartner’s disclosures around contract value growth and consulting performance. Renewed litigation attention increases legal risk, potential settlement exposure, and headline-driven volatility. Rosen Law Firm Notice
• Negative Sentiment: Market commentary (Quiver/analysis) ties recent share weakness to the flurry of lawsuit notices plus analyst price‑target cuts and cautious ratings; with the stock already sensitive to contract‑value and consulting metrics, negative headlines amplify selling pressure. Quiver: Stock Falls on Lawsuit Notice and PT Cuts

Gartner Stock Performance

Shares of IT opened at $152.46 on Thursday. The stock has a 50 day moving average price of $157.09 and a 200 day moving average price of $209.40. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. 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 announced its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.50 by $0.44. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts predict that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IT. Weiss Ratings restated a "sell (d+)" rating on shares of Gartner in a research note on Thursday, January 22nd. UBS Group cut their target price on shares of Gartner from $180.00 to $166.00 and set a "neutral" rating on the stock in a research note on Thursday, March 26th. Wells Fargo & Company cut their target price on shares of Gartner from $150.00 to $140.00 and set an "underweight" rating on the stock in a research note on Friday, March 27th. BMO Capital Markets restated a "market perform" rating on shares of Gartner in a research note on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 target price on shares of Gartner in a research note on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $185.30.

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.

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.