Gartner, Inc. (NYSE:IT) EVP Sells $241,872.78 in Stock

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares in the company, valued at approximately $963,949.05. The sale was disclosed in a filing with the SEC, which is available at this link.

Gartner Stock Down 0.2 %

Shares of IT opened at $506.49 on Thursday. The stock’s 50-day moving average price is $480.57 and its 200-day moving average price is $461.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $515.09.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird boosted 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. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets lifted their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Bank of America upped their target price on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $521.00.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Gartner during the second quarter worth approximately $3,344,000. New Century Financial Group LLC purchased a new position in shares of Gartner during the 2nd quarter valued at approximately $260,000. Cetera Investment Advisers lifted its position in shares of Gartner by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,679 shares of the information technology services provider’s stock valued at $9,735,000 after buying an additional 226 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after acquiring an additional 23 shares in the last quarter. Finally, Copperwynd Financial LLC increased its holdings in Gartner by 20.4% in the 2nd quarter. Copperwynd Financial LLC now owns 1,773 shares of the information technology services provider’s stock worth $796,000 after acquiring an additional 301 shares in the last quarter. 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.