Gartner, Inc. (IT) Director Karen E. Dykstra Sells 2,500 Shares
Gartner, Inc. (NYSE:IT) Director Karen E. Dykstra sold 2,500 shares of Gartner stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $120.61, for a total transaction of $301,525.00. Following the transaction, the director now directly owns 18,223 shares in the company, valued at approximately $2,197,876.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Gartner, Inc. (NYSE IT) traded down 0.28% during trading on Friday, reaching $122.31. 589,760 shares of the company were exchanged. Gartner, Inc. has a one year low of $84.54 and a one year high of $122.93. The firm’s 50 day moving average price is $116.53 and its 200 day moving average price is $107.48. The company has a market capitalization of $11.06 billion, a PE ratio of 55.60 and a beta of 1.05.
Gartner (NYSE:IT) last announced its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $625.17 million for the quarter, compared to the consensus estimate of $612.84 million. Gartner had a net margin of 7.22% and a return on equity of 954.04%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. Equities research analysts forecast that Gartner, Inc. will post $3.48 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its position in shares of Gartner by 79.6% in the third quarter. HighTower Advisors LLC now owns 6,672 shares of the information technology services provider’s stock worth $590,000 after buying an additional 2,957 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Gartner by 200.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the information technology services provider’s stock worth $159,000 after buying an additional 1,200 shares in the last quarter. RWC Asset Management LLP increased its position in Gartner by 55.5% in the third quarter. RWC Asset Management LLP now owns 85,167 shares of the information technology services provider’s stock worth $7,533,000 after buying an additional 30,396 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Gartner during the fourth quarter worth $11,620,000. Finally, Frontier Capital Management Co. LLC increased its position in Gartner by 0.7% in the fourth quarter. Frontier Capital Management Co. LLC now owns 449,421 shares of the information technology services provider’s stock worth $45,423,000 after buying an additional 3,056 shares in the last quarter. 88.65% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Gartner from a “hold” rating to a “sell” rating in a research note on Tuesday, March 14th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $130.00 price target (up previously from $124.00) on shares of Gartner in a research note on Friday, May 5th. Royal Bank of Canada lifted their price target on shares of Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a research note on Friday, May 5th. Barclays PLC lifted their price target on shares of Gartner from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 6th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $128.00 price target on shares of Gartner in a research note on Monday, May 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $118.36.
Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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