Vontobel Holding Ltd. Has $553,000 Stake in Gartner, Inc. $IT

Vontobel Holding Ltd. reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 72.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Addison Advisors LLC acquired a new stake in Gartner during the 2nd quarter valued at $27,000. Ransom Advisory Ltd bought a new position in shares of Gartner in the first quarter valued at about $29,000. Chilton Capital Management LLC bought a new position in shares of Gartner in the second quarter valued at about $47,000. Osterweis Capital Management Inc. acquired a new stake in shares of Gartner during the 2nd quarter worth about $48,000. Finally, Bayforest Capital Ltd boosted its holdings in shares of Gartner by 527.3% during the 1st quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock worth $58,000 after buying an additional 116 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Claire Herkes sold 367 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at approximately $943,375.44. This represents a 8.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen G. Pagliuca acquired 43,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average cost of $229.57 per share, for a total transaction of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares of the company’s stock, valued at $25,622,996.41. The trade was a 63.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.60% of the stock is currently owned by company insiders.

Gartner Trading Up 0.4%

Shares of NYSE:IT opened at $253.58 on Tuesday. The business’s 50 day simple moving average is $238.81 and its 200 day simple moving average is $278.26. Gartner, Inc. has a 1 year low of $222.54 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $18.28 billion, a P/E ratio of 22.24 and a beta of 1.08.

Gartner (NYSE:IT) last announced its quarterly earnings data 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. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Gartner had a return on equity of 92.12% and a net margin of 13.71%.Gartner has set its FY 2025 guidance at 12.650- EPS. On average, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wolfe Research initiated coverage on shares of Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Morgan Stanley lowered their target price on Gartner from $281.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 17th. Weiss Ratings cut Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Barclays decreased their price objective on Gartner from $270.00 to $260.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Finally, Truist Financial set a $300.00 target price on Gartner in a report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $308.11.

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.