2Xideas AG Raises Stake in Gartner, Inc. (NYSE:IT)

2Xideas AG boosted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,776 shares of the information technology services provider's stock after buying an additional 7,687 shares during the period. Gartner accounts for approximately 1.6% of 2Xideas AG's portfolio, making the stock its 27th biggest holding. 2Xideas AG's holdings in Gartner were worth $12,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IT. Kestra Investment Management LLC purchased a new position in shares of Gartner during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in Gartner during the 4th quarter worth approximately $49,000. Promus Capital LLC purchased a new position in shares of Gartner in the 4th quarter valued at approximately $57,000. Hurley Capital LLC acquired a new position in shares of Gartner in the fourth quarter valued at approximately $73,000. Finally, Global Retirement Partners LLC raised its stake in shares of Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Robert W. Baird cut their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Barclays lowered their price objective on Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has an average rating of "Hold" and a consensus target price of $518.00.

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Insider Activity

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Price Performance

Gartner stock traded up $7.63 during mid-day trading on Friday, reaching $399.66. The company had a trading volume of 237,405 shares, compared to its average volume of 447,621. The stock's 50-day simple moving average is $464.31 and its 200-day simple moving average is $497.11. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $30.70 billion, a P/E ratio of 24.72, a P/E/G ratio of 3.30 and a beta of 1.26.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating the consensus estimate of $3.22 by $2.23. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. Gartner's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $3.04 EPS. On average, equities analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

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.