2Xideas AG Sells 2,901 Shares of Gartner, Inc. $IT

2Xideas AG cut its holdings in Gartner, Inc. (NYSE:IT) by 9.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,103 shares of the information technology services provider’s stock after selling 2,901 shares during the quarter. Gartner comprises approximately 1.9% of 2Xideas AG’s portfolio, making the stock its 13th largest holding. 2Xideas AG’s holdings in Gartner were worth $10,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Addison Advisors LLC acquired a new stake in Gartner in the 2nd quarter valued at about $27,000. Ransom Advisory Ltd acquired a new position in shares of Gartner during the first quarter worth approximately $29,000. Chilton Capital Management LLC bought a new stake in shares of Gartner during the second quarter valued at approximately $47,000. Bayforest Capital Ltd increased its holdings in shares of Gartner by 527.3% in the first quarter. Bayforest Capital Ltd now owns 138 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 116 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in shares of Gartner in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Down 1.2%

Shares of NYSE IT opened at $226.93 on Tuesday. Gartner, Inc. has a 52-week low of $222.54 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 4.42, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $16.36 billion, a P/E ratio of 19.91 and a beta of 1.08. The firm has a 50 day moving average price of $239.22 and a 200 day moving average price of $297.64.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Gartner in a report on Tuesday, September 9th. They set a “sector perform” rating and a $263.00 price objective on the stock. Truist Financial set a $300.00 price target on Gartner in a research note on Wednesday, November 26th. UBS Group set a $256.00 price objective on Gartner and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. BMO Capital Markets dropped their price objective on Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a report on Wednesday, November 5th. Finally, Morgan Stanley set a $307.00 target price on shares of Gartner in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $311.67.

Insider Buying and Selling at Gartner

In other news, EVP Claire Herkes sold 367 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $231.56, for a total transaction of $84,982.52. Following the sale, the executive vice president owned 4,074 shares of the company’s stock, valued at $943,375.44. This trade represents a 8.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 220 shares of Gartner stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.57, for a total value of $50,505.40. Following the transaction, the senior vice president owned 3,046 shares in the company, valued at $699,270.22. This trade represents a 6.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.60% of the company’s stock.

About Gartner

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.