Danske Bank A S Grows Holdings in Gartner, Inc. $IT

Danske Bank A S grew its holdings in shares of Gartner, Inc. (NYSE:ITFree Report) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,937 shares of the information technology services provider’s stock after buying an additional 7,659 shares during the quarter. Danske Bank A S’s holdings in Gartner were worth $14,364,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. lifted its stake in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Activest Wealth Management lifted its stake in Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Eastern Bank lifted 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 last quarter. Finally, Aventura Private Wealth LLC bought a new position in Gartner during the fourth quarter worth $40,000. 91.51% of the stock is currently owned by institutional investors.

Gartner Price Performance

Shares of NYSE IT opened at $146.47 on Monday. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $451.73. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is $155.98 and its two-hundred day moving average price is $201.48. The firm has a market capitalization of $10.32 billion, a PE ratio of 15.18, a P/E/G ratio of 0.89 and a beta of 0.91.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $5.45 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, research analysts expect that Gartner, Inc. will post 13.3 EPS for the current year.

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Analysts Set New Price Targets

Several equities analysts recently issued reports on IT shares. Royal Bank Of Canada set a $175.00 price objective on Gartner in a research note on Wednesday, February 4th. UBS Group reduced their price objective on Gartner from $180.00 to $166.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. The Goldman Sachs Group cut Gartner from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $220.00 to $171.00 in a research note on Monday, April 27th. Robert W. Baird set a $240.00 price objective on Gartner in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and an average price target of $180.40.

View Our Latest Analysis on Gartner

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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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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