Vontobel Holding Ltd. Sells 948 Shares of Gartner, Inc. $IT

Vontobel Holding Ltd. reduced its stake in shares of Gartner, Inc. (NYSE:IT) by 10.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,717 shares of the information technology services provider’s stock after selling 948 shares during the quarter. Vontobel Holding Ltd.’s holdings in Gartner were worth $3,119,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Maryland State Retirement & Pension System grew its position in shares of Gartner by 3.3% in the second quarter. Maryland State Retirement & Pension System now owns 3,641 shares of the information technology services provider’s stock valued at $1,472,000 after purchasing an additional 118 shares during the last quarter. Lansing Street Advisors grew its position in shares of Gartner by 73.7% in the second quarter. Lansing Street Advisors now owns 1,176 shares of the information technology services provider’s stock valued at $475,000 after purchasing an additional 499 shares during the last quarter. Roundview Capital LLC grew its position in shares of Gartner by 22.8% in the second quarter. Roundview Capital LLC now owns 1,902 shares of the information technology services provider’s stock valued at $769,000 after purchasing an additional 353 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Gartner by 3.0% in the second quarter. KLP Kapitalforvaltning AS now owns 27,290 shares of the information technology services provider’s stock valued at $11,031,000 after purchasing an additional 800 shares during the last quarter. Finally, Spear Holdings RSC Ltd acquired a new stake in shares of Gartner in the second quarter valued at about $41,932,000. 91.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IT shares. Royal Bank Of Canada started coverage on Gartner in a research report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Gartner in a research report on Wednesday. Barclays lowered their price target on Gartner from $475.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Wolfe Research began coverage on Gartner in a research report on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets decreased their target price on Gartner from $409.00 to $272.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $358.56.

Gartner Stock Down 2.0%

IT stock opened at $239.66 on Friday. Gartner, Inc. has a twelve month low of $223.65 and a twelve month high of $584.01. The company has a market cap of $18.15 billion, a PE ratio of 14.75 and a beta of 1.20. The business’s 50-day simple moving average is $248.97 and its 200 day simple moving average is $351.47. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.15. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Insider Transactions at Gartner

In other Gartner news, Director Jose M. Gutierrez purchased 417 shares of the business’s stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the purchase, the director directly owned 2,080 shares in the company, valued at approximately $498,784. This trade represents a 25.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the transaction, the senior vice president owned 3,225 shares of the company’s stock, valued at approximately $805,314.75. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.