Skandinaviska Enskilda Banken AB publ Sells 5,307 Shares of Gartner, Inc. $IT

Skandinaviska Enskilda Banken AB publ trimmed its stake in shares of Gartner, Inc. (NYSE:ITFree Report) by 8.8% in the third quarter, Holdings Channel.com reports. The fund owned 55,201 shares of the information technology services provider’s stock after selling 5,307 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Gartner were worth $14,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in Gartner by 28.9% in the third quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after acquiring an additional 27,497 shares during the period. Madison Asset Management LLC lifted its holdings in shares of Gartner by 1.8% in the 3rd quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock worth $188,165,000 after purchasing an additional 12,998 shares in the last quarter. Aviva PLC grew its position in Gartner by 6.1% in the 2nd quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock valued at $23,671,000 after purchasing an additional 3,390 shares during the period. Buttonwood Financial Advisors Inc. acquired a new stake in Gartner in the 3rd quarter valued at $1,581,000. Finally, Highland Capital Management LLC bought a new stake in Gartner during the 3rd quarter valued at $1,502,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Price Performance

Gartner stock opened at $161.38 on Thursday. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $517.06. The company’s 50 day moving average price is $219.70 and its two-hundred day moving average price is $234.93. The stock has a market cap of $11.63 billion, a P/E ratio of 16.72 and a beta of 1.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:ITGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The company 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%.Gartner’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Key Gartner News

Here are the key news stories impacting Gartner this week:

Insider Activity

In related news, Director Stephen G. Pagliuca purchased 43,300 shares of Gartner stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the transaction, the director owned 111,613 shares in the company, valued at $25,622,996.41. This represents a 63.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a research report on Wednesday, February 4th. Morgan Stanley decreased their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $190.70.

Check Out Our Latest Stock Analysis on IT

Gartner Company Profile

(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.

See Also

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:ITFree Report).

Institutional Ownership by Quarter for Gartner (NYSE:IT)

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