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

Gartner, Inc. (NYSE:IT) Director James C. Smith sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $535.76, for a total transaction of $5,357,600.00. Following the transaction, the director now owns 554,274 shares in the company, valued at $296,957,838.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gartner Price Performance

IT opened at $547.75 on Friday. Gartner, Inc. has a 1 year low of $397.43 and a 1 year high of $552.33. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 0.90. The company has a market capitalization of $42.21 billion, a price-to-earnings ratio of 40.39, a P/E/G ratio of 3.27 and a beta of 1.32. The firm’s fifty day moving average price is $512.66 and its two-hundred day moving average price is $474.26.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.56 earnings per share. As a group, analysts anticipate that Gartner, Inc. will post 11.88 earnings per share for the current fiscal year.

Institutional Trading of Gartner

Institutional investors and hedge funds have recently modified their holdings of the business. Baron Wealth Management LLC increased its holdings in Gartner by 4.1% during the third quarter. Baron Wealth Management LLC now owns 481 shares of the information technology services provider’s stock worth $244,000 after buying an additional 19 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Gartner by 3.0% in the 2nd quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association lifted its stake in Gartner by 3.2% in the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after purchasing an additional 23 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Gartner by 2.2% in the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after purchasing an additional 23 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IT has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday. Robert W. Baird upped their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays increased their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, Bank of America raised their price objective 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $539.25.

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.