Allianz Asset Management GmbH increased its stake in Gartner, Inc. by 28.9% in the third quarter, acquiring 27,497 additional shares, bringing its total holding to 122,662 shares valued at $32.24 million. Despite insider confidence shown by Director Stephen G. Pagliuca’s significant share purchase and Gartner beating Q4 EPS estimates, the company faces cautious sentiment due to analyst price target cuts and a law firm investigation into non-GAAP disclosures. Gartner anticipates global IT spending to top $6 trillion in 2026, and its subscription-heavy revenue model provides resilience, but concerns about slowing contract growth and AI-related headwinds persist.
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Allianz Asset Management GmbH Buys 27,497 Shares of Gartner, Inc. $IT
Allianz Asset Management GmbH increased its stake in Gartner, Inc. by 28.9% in the third quarter, acquiring 27,497 additional shares, bringing its total holding to 122,662 shares valued at $32.24 million. Despite insider confidence shown by Director Stephen G. Pagliuca’s significant share purchase and Gartner beating Q4 EPS estimates, the company faces cautious sentiment due to analyst price target cuts and a law firm investigation into non-GAAP disclosures. Gartner anticipates global IT spending to top $6 trillion in 2026, and its subscription-heavy revenue model provides resilience, but concerns about slowing contract growth and AI-related headwinds persist.