Gartner, Inc. (NYSE:IT) Director James C. Smith Sells 10,000 Shares

Gartner, Inc. (NYSE:IT) Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the transaction, the director now directly owns 608,369 shares in the company, valued at $276,929,568.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gartner Stock Up 0.5 %

IT opened at $451.66 on Thursday. The business has a 50 day simple moving average of $456.15 and a 200-day simple moving average of $450.13. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $486.54. The stock has a market capitalization of $35.06 billion, a P/E ratio of 44.94, a P/E/G ratio of 3.93 and a beta of 1.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.88 earnings per share. On average, equities analysts anticipate that Gartner, Inc. will post 11.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IT has been the topic of a number of research reports. Robert W. Baird lowered their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. BMO Capital Markets lowered their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. UBS Group cut their price target on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley lifted their price objective on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft assumed 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. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $474.50.

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IT. BKM Wealth Management LLC purchased a new stake in shares of Gartner in the fourth quarter valued at $26,000. Frazier Financial Advisors LLC purchased a new position in Gartner in the 4th quarter valued at about $27,000. MCF Advisors LLC acquired a new stake in shares of Gartner during the 4th quarter worth about $27,000. AdvisorNet Financial Inc grew its holdings in shares of Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Finally, DSM Capital Partners LLC acquired a new position in shares of Gartner in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds 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.