Vontobel Holding Ltd. Sells 5,615 Shares of Gartner, Inc. $IT

Vontobel Holding Ltd. cut its holdings in Gartner, Inc. (NYSE:IT) by 72.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,102 shares of the information technology services provider’s stock after selling 5,615 shares during the quarter. Vontobel Holding Ltd.’s holdings in Gartner were worth $553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IT. Sequoia Financial Advisors LLC lifted its holdings in shares of Gartner by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock worth $697,000 after acquiring an additional 31 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Gartner by 2.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock worth $539,000 after purchasing an additional 34 shares in the last quarter. Accurate Wealth Management LLC lifted its stake in Gartner by 2.8% in the 2nd quarter. Accurate Wealth Management LLC now owns 1,308 shares of the information technology services provider’s stock valued at $507,000 after purchasing an additional 36 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Gartner by 5.0% in the first quarter. EP Wealth Advisors LLC now owns 800 shares of the information technology services provider’s stock valued at $336,000 after buying an additional 38 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Gartner by 4.2% in the second quarter. Apollon Wealth Management LLC now owns 965 shares of the information technology services provider’s stock valued at $390,000 after buying an additional 39 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 other news, SVP John J. Rinello sold 220 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the sale, the senior vice president directly owned 3,046 shares of the company’s stock, valued at approximately $699,270.22. This represents a 6.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Claire Herkes sold 367 shares of the company’s 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 sale, the executive vice president directly owned 4,074 shares in the company, valued at $943,375.44. This trade represents a 8.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IT shares. Truist Financial set a $300.00 price target on shares of Gartner in a report on Wednesday, November 26th. Wells Fargo & Company lowered their target price on Gartner from $231.00 to $218.00 and set an “underweight” rating for the company in a report on Wednesday, November 5th. William Blair reiterated an “outperform” rating on shares of Gartner in a research report on Tuesday, October 21st. Wolfe Research began coverage on Gartner in a research note on Wednesday, September 3rd. They set a “peer perform” rating on the stock. Finally, Barclays lowered their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Four research 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, the company currently has an average rating of “Hold” and a consensus price target of $308.11.

Gartner Stock Up 0.4%

Shares of IT opened at $253.58 on Tuesday. The stock’s 50-day moving average price is $238.81 and its two-hundred day moving average price is $278.26. Gartner, Inc. has a 12 month low of $222.54 and a 12 month high of $584.01. The company has a market capitalization of $18.28 billion, a PE ratio of 22.24 and a beta of 1.08. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.42.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 4th. The information technology services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.35. Gartner had a return on equity of 92.12% and a net margin of 13.71%.The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

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.