Shares of Gartner, Inc. (NYSE:IT) have been given a consensus rating of “Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $126.78.

Several research firms recently issued reports on IT. BidaskClub cut shares of Gartner from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets reiterated a “buy” rating and issued a $137.00 target price on shares of Gartner in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research note on Monday. TheStreet cut shares of Gartner from a “b” rating to a “c+” rating in a research note on Tuesday, August 8th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $138.00 target price (up from $130.00) on shares of Gartner in a research note on Wednesday, August 9th.

Shares of Gartner (NYSE:IT) opened at 122.18 on Wednesday. The stock has a 50 day moving average of $122.97 and a 200-day moving average of $119.93. The stock has a market capitalization of $11.07 billion, a PE ratio of 250.88 and a beta of 1.07. Gartner has a 52 week low of $84.54 and a 52 week high of $130.02.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The firm had revenue of $843.73 million during the quarter, compared to analysts’ expectations of $892.64 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue was up 38.3% compared to the same quarter last year. On average, equities research analysts expect that Gartner will post $3.41 EPS for the current year.

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In other Gartner news, SVP Alwyn Dawkins sold 1,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total transaction of $118,620.00. Following the completion of the transaction, the senior vice president now directly owns 27,137 shares in the company, valued at $3,218,990.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robin B. Kranich sold 7,487 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $120.08, for a total transaction of $899,038.96. Following the transaction, the senior vice president now owns 21,298 shares of the company’s stock, valued at $2,557,463.84. The disclosure for this sale can be found here. Insiders have sold 23,363 shares of company stock valued at $2,775,387 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Gartner by 466.7% during the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after buying an additional 798 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Gartner during the second quarter worth $124,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Gartner by 9.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,182 shares of the information technology services provider’s stock worth $146,000 after buying an additional 103 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Gartner by 20.0% during the second quarter. Commonwealth Bank of Australia now owns 1,200 shares of the information technology services provider’s stock worth $148,000 after buying an additional 200 shares in the last quarter. Finally, Global X Management Co. LLC grew its holdings in shares of Gartner by 31.6% during the first quarter. Global X Management Co. LLC now owns 1,725 shares of the information technology services provider’s stock worth $186,000 after buying an additional 414 shares in the last quarter. 91.87% of the stock is owned by institutional investors and hedge funds.

Gartner Company Profile

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.

Analyst Recommendations for Gartner (NYSE:IT)

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