StockNews.com Downgrades Gartner (NYSE:IT) to Hold

StockNews.com cut shares of Gartner (NYSE:ITFree Report) from a buy rating to a hold rating in a research note published on Friday.

IT has been the topic of a number of other research reports. Robert W. Baird cut their price target on shares of Gartner from $536.00 to $517.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a research report on Tuesday, April 16th. They issued a hold rating and a $507.00 price objective for the company. UBS Group reduced their target price on shares of Gartner from $550.00 to $510.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Finally, BMO Capital Markets dropped their price target on shares of Gartner from $450.00 to $432.00 and set a market perform rating on the stock in a research note on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $474.50.

View Our Latest Stock Report on Gartner

Gartner Stock Performance

NYSE IT opened at $452.13 on Friday. The firm’s fifty day moving average price is $439.48 and its two-hundred day moving average price is $452.37. The stock has a market cap of $35.10 billion, a PE ratio of 44.99, a PEG ratio of 3.94 and a beta of 1.32. Gartner has a fifty-two week low of $323.61 and a fifty-two week high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:ITGet Free Report) last posted its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 earnings per share. On average, equities analysts expect that Gartner will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total value of $268,578.00. Following the completion of the sale, the executive vice president now directly owns 51,583 shares of the company’s stock, valued at approximately $23,090,098.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Gartner news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the completion of the sale, the executive vice president now directly owns 51,583 shares in the company, valued at approximately $23,090,098.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the sale, the director now owns 608,369 shares of the company’s stock, valued at $276,929,568.80. The disclosure for this sale can be found here. Insiders sold 22,544 shares of company stock valued at $10,079,813 in the last quarter. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Large investors have recently added to or reduced their stakes in the company. BSW Wealth Partners increased its position in Gartner by 3.7% in the fourth quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock worth $278,000 after purchasing an additional 22 shares during the last quarter. Allworth Financial LP lifted its position in shares of Gartner by 2.8% during the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after buying an additional 22 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings 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 valued at $2,210,000 after acquiring an additional 22 shares in the last quarter. TIAA Trust National Association increased its holdings in Gartner by 3.2% in the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after buying an additional 23 shares during the period. Finally, AdvisorNet Financial Inc increased its holdings in 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 during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

About Gartner

(Get Free Report)

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.

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Analyst Recommendations for Gartner (NYSE:IT)

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