Elo Mutual Pension Insurance Co Sells 2,713 Shares of Gartner, Inc. $IT

by · The Cerbat Gem

Elo Mutual Pension Insurance Co decreased its holdings in shares of Gartner, Inc. (NYSE:IT – Free Report) by 19.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,296 shares of the information technology services provider’s stock after selling 2,713 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Gartner were worth $4,566,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IT. XTX Topco Ltd raised its holdings in shares of Gartner by 185.3% in the 2nd quarter. XTX Topco Ltd now owns 10,438 shares of the information technology services provider’s stock worth $4,219,000 after buying an additional 6,780 shares in the last quarter. Picton Mahoney Asset Management grew its position in Gartner by 0.5% in the second quarter. Picton Mahoney Asset Management now owns 35,170 shares of the information technology services provider’s stock valued at $14,216,000 after acquiring an additional 167 shares during the period. Prudential Financial Inc. raised its stake in Gartner by 218.2% during the second quarter. Prudential Financial Inc. now owns 126,957 shares of the information technology services provider’s stock worth $51,319,000 after acquiring an additional 87,063 shares in the last quarter. Cynosure Group LLC lifted its holdings in shares of Gartner by 33.9% during the second quarter. Cynosure Group LLC now owns 4,464 shares of the information technology services provider’s stock valued at $1,804,000 after acquiring an additional 1,130 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Gartner by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 562,588 shares of the information technology services provider’s stock valued at $227,409,000 after purchasing an additional 12,775 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Trading Up 2.2%

Shares of IT opened at $235.41 on Wednesday. The stock’s fifty day simple moving average is $244.39 and its 200-day simple moving average is $311.34. The firm has a market capitalization of $16.97 billion, a PE ratio of 14.49 and a beta of 1.19. Gartner, Inc. has a 12-month low of $222.54 and a 12-month high of $584.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.61.

Gartner (NYSE:IT – Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The information technology services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.35. Gartner had a return on equity of 82.63% and a net margin of 19.71%.The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.52 billion. Gartner has set its FY 2025 guidance at 12.650- EPS. As a group, research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IT shares. Barclays dropped their target price on shares of Gartner from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. UBS Group set a $256.00 price objective on shares of Gartner and gave the stock a “neutral” rating in a report on Tuesday. BMO Capital Markets cut their target price on shares of Gartner from $272.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group reduced their price target on shares of Gartner from $457.00 to $390.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, William Blair reissued an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $311.67.

Check Out Our Latest Analysis on IT

About Gartner

(Free Report)

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.

Read More

Want to see what other hedge funds are holding IT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gartner, Inc. (NYSE:IT – Free Report).