Gartner, Inc. (NYSE:IT) CEO Eugene A. Hall Sells 34,060 Shares of Stock

Gartner, Inc. (NYSE:IT) CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gartner Price Performance

IT stock traded down $0.48 during mid-day trading on Monday, reaching $510.08. The company’s stock had a trading volume of 249,294 shares, compared to its average volume of 388,179. The stock has a market cap of $39.60 billion, a PE ratio of 50.80, a P/E/G ratio of 3.89 and a beta of 1.32. The company’s 50 day moving average is $477.01 and its two-hundred day moving average is $460.61. Gartner, Inc. has a fifty-two week low of $323.61 and a fifty-two week high of $515.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.20. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 earnings per share. Equities research analysts expect that Gartner, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IT shares. Morgan Stanley lifted their price target on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. UBS Group boosted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America raised their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $521.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in Gartner in the fourth quarter worth approximately $27,000. DSM Capital Partners LLC acquired a new position in shares of Gartner in the 4th quarter valued at $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Gartner during the 1st quarter worth $36,000. Crewe Advisors LLC increased its position in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Gartner by 58.7% during the 1st quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Company Profile

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.