Gartner, Inc. (NYSE:IT) Director Sells $587,724.00 in Stock

Gartner, Inc. (NYSE:IT) Director Eileen Serra sold 1,200 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gartner Price Performance

IT stock opened at $491.38 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 52 week low of $411.15 and a 52 week high of $584.01. The firm’s fifty day moving average is $509.78 and its 200 day moving average is $509.80. The firm has a market cap of $37.75 billion, a P/E ratio of 30.65, a P/E/G ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm earned $3.04 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on IT. Robert W. Baird increased their target price on shares of Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley lowered their price objective on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $552.63.

Hedge Funds Weigh In On Gartner

Several institutional investors and hedge funds have recently made changes to their positions in IT. Private Advisor Group LLC grew its holdings in shares of Gartner by 71.3% during the 3rd quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock valued at $456,000 after purchasing an additional 375 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Gartner by 65,778.0% in the 3rd quarter. International Assets Investment Management LLC now owns 32,939 shares of the information technology services provider’s stock worth $16,692,000 after acquiring an additional 32,889 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Gartner by 20.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,303 shares of the information technology services provider’s stock worth $3,208,000 after acquiring an additional 1,078 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Gartner by 17.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,005 shares of the information technology services provider’s stock worth $15,205,000 after acquiring an additional 4,565 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in Gartner in the 3rd quarter worth $216,000. 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.