Gartner (NYSE:IT) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner (NYSE:IT) in a research note published on Tuesday, MarketBeat.com reports. The firm issued a hold rating and a $507.00 price objective on the information technology services provider’s stock.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets boosted their price objective on Gartner from $444.00 to $450.00 and gave the company a market perform rating in a research report on Thursday, February 8th. UBS Group upgraded Gartner from a neutral rating to a buy rating and upped their price target for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. StockNews.com cut Gartner from a buy rating to a hold rating in a research report on Saturday, February 10th. Finally, Morgan Stanley upped their price target on Gartner from $421.00 to $446.00 and gave the company an equal weight rating in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $477.60.

Gartner Stock Performance

IT opened at $440.38 on Tuesday. The stock has a market cap of $34.34 billion, a PE ratio of 39.82, a P/E/G ratio of 4.10 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. Gartner has a 1 year low of $292.60 and a 1 year high of $486.54. The stock’s 50 day simple moving average is $465.07 and its 200-day simple moving average is $434.48.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. Sell-side analysts forecast that Gartner will post 11.36 EPS for the current year.

Insiders Place Their Bets

In other Gartner news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction on Friday, February 16th. The stock was 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 $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Valentin Sribar sold 682 shares of the company’s 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,952 shares of company stock valued at $10,598,070. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gartner

Several large investors have recently made changes to their positions in IT. Vanguard Group Inc. lifted its stake in Gartner by 1.1% in the first quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock valued at $2,736,085,000 after buying an additional 102,709 shares during the period. BlackRock Inc. lifted its stake in Gartner by 2.6% in the first quarter. BlackRock Inc. now owns 6,394,140 shares of the information technology services provider’s stock valued at $2,083,019,000 after buying an additional 165,046 shares during the period. State Street Corp lifted its stake in Gartner by 2.3% in the first quarter. State Street Corp now owns 3,072,139 shares of the information technology services provider’s stock valued at $1,000,811,000 after buying an additional 69,116 shares during the period. Morgan Stanley lifted its stake in Gartner by 4.6% in the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock valued at $741,193,000 after buying an additional 95,040 shares during the period. Finally, Wellington Management Group LLP lifted its stake in Gartner by 20.3% in the first quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after buying an additional 342,228 shares during the period. Institutional investors and hedge funds 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.