Gartner, Inc. (NYSE:IT) Given Average Rating of “Hold” by Brokerages

Shares of Gartner, Inc. (NYSE:IT) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $477.60.

A number of equities research analysts have commented on the stock. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. Morgan Stanley lifted their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th.

Gartner Price Performance

Shares of NYSE IT opened at $443.06 on Tuesday. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54. The firm has a market cap of $34.55 billion, a P/E ratio of 40.06, a PEG ratio of 4.02 and a beta of 1.29. The company has a 50 day moving average of $464.91 and a 200 day moving average of $436.38. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business earned $3.70 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts expect that Gartner will post 11.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the completion of the transaction, the director now directly owns 638,235 shares of the company’s stock, valued at approximately $290,396,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

Several hedge funds have recently bought and sold shares of IT. Norges Bank purchased a new stake in Gartner in the 4th quarter worth $388,781,000. First Trust Advisors LP raised its position in shares of Gartner by 830.4% during the 4th quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock valued at $231,974,000 after buying an additional 458,963 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Gartner by 30.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after buying an additional 364,128 shares in the last quarter. American Century Companies Inc. raised its position in shares of Gartner by 888.4% during the 3rd quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after buying an additional 269,744 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Gartner during the 3rd quarter valued at about $83,588,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.