Gartner (NYSE:IT) PT Lowered to $517.00 at Robert W. Baird

Gartner (NYSE:IT) had its price objective reduced by Robert W. Baird from $536.00 to $517.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the company an equal weight rating in a report on Tuesday, February 6th. StockNews.com downgraded Gartner from a buy rating to a hold rating in a report on Saturday, February 10th. BMO Capital Markets increased their price target on Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research report on Tuesday, April 16th. They issued a hold rating and a $507.00 price objective for the company. Finally, UBS Group upgraded Gartner from a neutral rating to a buy rating and increased their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $474.50.

Gartner Stock Up 2.3 %

Shares of IT opened at $428.64 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The company has a 50-day moving average price of $462.52 and a two-hundred day moving average price of $440.27. The stock has a market cap of $33.42 billion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 3.36 and a beta of 1.32. Gartner has a 12 month low of $295.43 and a 12 month high of $486.54.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $2.88 EPS. Gartner’s revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Gartner will post 11.55 EPS for the current fiscal year.

Insider Activity

In other news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction dated 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 owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the sale, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at $2,433,777.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 over the last 90 days. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gartner

Several institutional investors have recently modified their holdings of IT. BSW Wealth Partners increased its position in shares of Gartner by 3.7% in the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Gartner by 2.8% in the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock worth $364,000 after acquiring an additional 22 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of Gartner by 0.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock worth $2,210,000 after purchasing an additional 22 shares during the period. AdvisorNet Financial Inc lifted its holdings in shares of Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its position in shares of Gartner by 36.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 25 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.