Gartner (NYSE:IT) Given New $590.00 Price Target at Robert W. Baird

Gartner (NYSE:IT) had its price target upped by equities researchers at Robert W. Baird from $565.00 to $590.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the information technology services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 14.90% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group lifted their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company boosted their target price on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research note on Monday, October 14th. BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $536.43.

Gartner Trading Up 1.7 %

Shares of Gartner stock opened at $513.48 on Wednesday. The company has a market cap of $39.57 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 3.13 and a beta of 1.32. Gartner has a 1 year low of $382.27 and a 1 year high of $535.29. The company’s fifty day simple moving average is $509.34 and its 200-day simple moving average is $472.61. 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 posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $2.56 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Gartner will post 11.65 EPS for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Craig Safian sold 6,310 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the transaction, the chief financial officer now directly owns 71,544 shares in the company, valued at $34,596,532.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,899 shares of company stock worth $24,959,886. 3.60% of the stock is currently owned by corporate insiders.

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. Janney Montgomery Scott LLC grew its holdings in shares of Gartner by 0.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,273 shares of the information technology services provider’s stock valued at $5,374,000 after buying an additional 59 shares during the period. Nordea Investment Management AB raised its holdings in Gartner by 4.3% during the 1st quarter. Nordea Investment Management AB now owns 6,370 shares of the information technology services provider’s stock worth $3,075,000 after buying an additional 260 shares during the period. Whittier Trust Co. lifted its position in Gartner by 43.5% in the 1st quarter. Whittier Trust Co. now owns 432 shares of the information technology services provider’s stock valued at $206,000 after acquiring an additional 131 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the first quarter worth about $36,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Gartner in the first quarter valued at approximately $1,121,000. Institutional investors 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.