Gartner, Inc. $IT Stock Holdings Cut by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its position in shares of Gartner, Inc. (NYSE:IT) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IT. T. Rowe Price Investment Management Inc. boosted its stake in shares of Gartner by 692.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,066,732 shares of the information technology services provider’s stock worth $447,751,000 after acquiring an additional 932,077 shares in the last quarter. Nuveen LLC bought a new stake in shares of Gartner during the 1st quarter worth $128,318,000. JPMorgan Chase & Co. boosted its stake in shares of Gartner by 20.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,245,563 shares of the information technology services provider’s stock worth $522,813,000 after acquiring an additional 211,842 shares in the last quarter. Generation Investment Management LLP boosted its stake in shares of Gartner by 16.5% during the 1st quarter. Generation Investment Management LLP now owns 1,341,342 shares of the information technology services provider’s stock worth $563,015,000 after acquiring an additional 189,514 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Gartner by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock worth $3,959,596,000 after acquiring an additional 164,810 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Gartner

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

Gartner Price Performance

Shares of NYSE:IT opened at $239.66 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.61. Gartner, Inc. has a 1 year low of $223.65 and a 1 year high of $584.01. The business has a fifty day simple moving average of $248.97 and a 200 day simple moving average of $351.47. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IT shares. Morgan Stanley reduced their price objective on Gartner from $455.00 to $322.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Barclays reduced their target price on Gartner from $475.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, August 6th. Wolfe Research assumed coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating for the company. Royal Bank Of Canada assumed coverage on Gartner in a report on Tuesday, September 9th. They issued a “sector perform” rating and a $263.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on Gartner from $535.00 to $457.00 and set a “buy” rating for the company in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $358.56.

Gartner Company 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.