Gartner, Inc. (NYSE:IT) Director James C. Smith Sells 17,533 Shares

Gartner, Inc. (NYSE:IT) Director James C. Smith sold 17,533 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $547.09, for a total value of $9,592,128.97. Following the completion of the sale, the director now owns 532,294 shares in the company, valued at approximately $291,212,724.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Gartner Trading Up 0.2 %

NYSE IT opened at $551.80 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $42.52 billion, a P/E ratio of 40.69, a PEG ratio of 3.44 and a beta of 1.32. The firm’s 50-day moving average is $516.48 and its two-hundred day moving average is $476.56. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $2.56 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner, Inc. will post 11.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on IT. Wells Fargo & Company upped their price objective on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Bank of America lifted their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays upped their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $539.25.

Institutional Investors Weigh In On Gartner

Several institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its position in shares of Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after acquiring an additional 2,560 shares during the period. Transcend Capital Advisors LLC acquired a new stake in Gartner in the 2nd quarter valued at about $512,000. Tidal Investments LLC boosted its stake in shares of Gartner by 24.4% in the 1st quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock valued at $4,717,000 after buying an additional 1,940 shares during the period. Magnetar Financial LLC acquired a new position in shares of Gartner during the first quarter worth about $1,049,000. Finally, Vident Advisory LLC increased its stake in shares of Gartner by 543.2% during the first quarter. Vident Advisory LLC now owns 9,178 shares of the information technology services provider’s stock worth $4,375,000 after buying an additional 7,751 shares during the period. Hedge funds and other institutional investors 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.