Citigroup Inc. Has $15.84 Million Stock Holdings in Gartner, Inc. $IT

Citigroup Inc. reduced its stake in Gartner, Inc. (NYSE:IT) by 36.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,246 shares of the information technology services provider’s stock after selling 34,718 shares during the quarter. Citigroup Inc. owned about 0.08% of Gartner worth $15,837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its stake in shares of Gartner by 28.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 122,662 shares of the information technology services provider’s stock valued at $32,244,000 after purchasing an additional 27,497 shares during the period. Madison Asset Management LLC increased its position in shares of Gartner by 1.8% during the third quarter. Madison Asset Management LLC now owns 715,811 shares of the information technology services provider’s stock valued at $188,165,000 after buying an additional 12,998 shares during the period. Aviva PLC lifted its holdings in shares of Gartner by 6.1% in the second quarter. Aviva PLC now owns 58,559 shares of the information technology services provider’s stock worth $23,671,000 after buying an additional 3,390 shares in the last quarter. Buttonwood Financial Advisors Inc. bought a new position in shares of Gartner in the third quarter valued at approximately $1,581,000. Finally, Resona Asset Management Co. Ltd. grew its stake in Gartner by 51.0% during the third quarter. Resona Asset Management Co. Ltd. now owns 248,028 shares of the information technology services provider’s stock valued at $65,068,000 after acquiring an additional 83,789 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Buying and Selling at Gartner

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

Gartner Stock Up 0.8%

IT opened at $157.06 on Friday. The business’s fifty day simple moving average is $206.80 and its 200 day simple moving average is $230.21. Gartner, Inc. has a 52 week low of $139.18 and a 52 week high of $499.72. 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 stock has a market cap of $11.06 billion, a PE ratio of 16.28, a P/E/G ratio of 1.56 and a beta of 1.06.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.50 by $0.44. The firm 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 company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.45 EPS. Gartner has set its FY 2026 guidance at 12.300- EPS. As a group, research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IT has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gartner in a research report on Thursday, January 22nd. Morgan Stanley reduced their target price on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on Gartner in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $240.00 price objective on Gartner in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.70.

Gartner Company 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.