2Xideas AG Has $3.46 Million Stock Holdings in Gartner, Inc. $IT

2Xideas AG reduced its stake in Gartner, Inc. (NYSE:IT) by 51.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,142 shares of the information technology services provider’s stock after selling 13,961 shares during the quarter. 2Xideas AG’s holdings in Gartner were worth $3,455,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in IT. Penserra Capital Management LLC increased its stake in shares of Gartner by 12.3% in the 2nd quarter. Penserra Capital Management LLC now owns 410 shares of the information technology services provider’s stock valued at $165,000 after acquiring an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Gartner by 2.8% in the third quarter. Harbor Capital Advisors Inc. now owns 1,701 shares of the information technology services provider’s stock valued at $447,000 after purchasing an additional 46 shares in the last quarter. Cresset Asset Management LLC raised its holdings in shares of Gartner by 3.3% during the third quarter. Cresset Asset Management LLC now owns 1,493 shares of the information technology services provider’s stock valued at $392,000 after purchasing an additional 47 shares during the period. Shell Asset Management Co. raised its position in shares of Gartner by 2.7% during the third quarter. Shell Asset Management Co. now owns 2,064 shares of the information technology services provider’s stock worth $543,000 after purchasing an additional 54 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in Gartner by 5.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,019 shares of the information technology services provider’s stock valued at $268,000 after acquiring an additional 56 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Performance

Shares of IT opened at $166.54 on Friday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.61 and a beta of 1.08. The business’s fifty day simple moving average is $189.59 and its two-hundred day simple moving average is $224.86. Gartner, Inc. has a 12 month low of $139.18 and a 12 month high of $464.87. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.44. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on IT. Truist Financial dropped their price objective on Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley reduced their target price on shares of Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating and set a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. UBS Group set a $180.00 target price on Gartner in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $190.70.

Gartner 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.