XTX Topco Ltd Cuts Holdings in Gartner, Inc. (NYSE:IT)

XTX Topco Ltd cut its holdings in Gartner, Inc. (NYSE:IT) by 10.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296 shares of the information technology services provider’s stock after selling 157 shares during the quarter. XTX Topco Ltd’s holdings in Gartner were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of Gartner during the 1st quarter valued at approximately $36,000. Crewe Advisors LLC grew its holdings in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. J.Safra Asset Management Corp increased its position in shares of Gartner by 58.7% in the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after buying an additional 54 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Gartner during the 2nd quarter worth $94,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Gartner by 16.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 275 shares of the information technology services provider’s stock worth $131,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 0.5 %

Shares of NYSE:IT opened at $516.38 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The firm has a market cap of $40.09 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 3.89 and a beta of 1.32. The stock’s 50-day moving average price is $484.29 and its two-hundred day moving average price is $462.45. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $517.48.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast that Gartner, Inc. will post 11.59 EPS for the current year.

Insider Activity

In related news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at $2,346,915. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total value of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares of the company’s stock, valued at approximately $28,636,008.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. The disclosure for this sale can be found here. Insiders sold 65,164 shares of company stock valued at $32,601,014 in the last ninety days. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on IT shares. UBS Group lifted their target price on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their target price on Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley increased their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $521.00.

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.