Gartner, Inc. (NYSE:IT) Receives $477.60 Consensus Price Target from Analysts

Gartner, Inc. (NYSE:IT) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $477.60.

IT has been the subject of several recent research reports. BMO Capital Markets raised their price objective on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research note on Thursday, February 8th. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $484.00 to $550.00 in a research note on Thursday, April 11th. Morgan Stanley lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a research note on Tuesday. They issued a “hold” rating and a $507.00 price target for the company. Finally, StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th.

Insider Activity

In related news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 in the last ninety days. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

Institutional investors have recently made changes to their positions in the stock. BKM Wealth Management LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $27,000. MCF Advisors LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $27,000. AdvisorNet Financial Inc boosted its position in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after buying an additional 25 shares in the last quarter. Finally, DSM Capital Partners LLC purchased a new stake in shares of Gartner in the 4th quarter worth about $32,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Trading Up 0.1 %

Shares of IT stock opened at $449.61 on Tuesday. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $35.06 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 4.18 and a beta of 1.29. The company has a 50-day moving average of $465.53 and a two-hundred day moving average of $433.82. Gartner has a 1-year low of $292.60 and a 1-year high of $486.54.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. Gartner’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.70 earnings per share. On average, analysts predict that Gartner will post 11.36 EPS for the current year.

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.