B. Metzler seel. Sohn & Co. AG Sells 28,090 Shares of Gartner, Inc. $IT

B. Metzler seel. Sohn & Co. AG cut its position in Gartner, Inc. (NYSE:IT) by 36.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,324 shares of the information technology services provider’s stock after selling 28,090 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.06% of Gartner worth $12,703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Gartner in the second quarter valued at approximately $394,133,000. Vanguard Group Inc. boosted 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 buying an additional 509,902 shares during the period. AQR Capital Management LLC boosted its position in Gartner by 304.5% during the 2nd quarter. AQR Capital Management LLC now owns 660,186 shares of the information technology services provider’s stock worth $266,860,000 after buying an additional 496,957 shares during the period. Sustainable Growth Advisers LP grew its holdings in Gartner by 71.7% during the 2nd quarter. Sustainable Growth Advisers LP now owns 1,161,513 shares of the information technology services provider’s stock worth $469,507,000 after acquiring an additional 485,188 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Gartner by 150.6% during the 3rd quarter. Pacer Advisors Inc. now owns 712,252 shares of the information technology services provider’s stock worth $187,230,000 after acquiring an additional 428,089 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on IT. Morgan Stanley dropped their price target on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $220.00 price objective on shares of Gartner in a research note on Thursday, February 5th. Royal Bank Of Canada set a $175.00 price objective on Gartner in a report on Wednesday, February 4th. Wells Fargo & Company lowered their target price on Gartner from $218.00 to $150.00 and set an “underweight” rating for the company in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 target price on Gartner in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $190.70.

Gartner Stock Down 1.1%

Gartner stock opened at $169.02 on Friday. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.69 and a beta of 1.08. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $485.33. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a 50 day moving average price of $198.32 and a two-hundred day moving average price of $227.60.

Gartner (NYSE:IT) last posted its quarterly earnings data 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. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the firm posted $5.45 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Transactions at Gartner

In other news, Director Stephen G. Pagliuca purchased 43,300 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the transaction, the director owned 111,613 shares of the company’s stock, valued at $25,622,996.41. The trade was a 63.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

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.