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

Gartner, Inc. (NYSE:IT) Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gartner Trading Up 1.5 %

NYSE IT opened at $498.63 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01. The business has a 50 day simple moving average of $509.99 and a 200 day simple moving average of $509.68. The stock has a market capitalization of $38.30 billion, a P/E ratio of 31.11, a P/E/G ratio of 3.30 and a beta of 1.34.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $552.63.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently added to or reduced their stakes in IT. Private Advisor Group LLC grew its stake in Gartner by 71.3% in the third quarter. Private Advisor Group LLC now owns 901 shares of the information technology services provider’s stock valued at $456,000 after acquiring an additional 375 shares during the period. International Assets Investment Management LLC boosted its position in shares of Gartner by 65,778.0% during the third quarter. International Assets Investment Management LLC now owns 32,939 shares of the information technology services provider’s stock valued at $16,692,000 after buying an additional 32,889 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Gartner by 20.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,303 shares of the information technology services provider’s stock valued at $3,208,000 after buying an additional 1,078 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Gartner by 17.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 30,005 shares of the information technology services provider’s stock valued at $15,205,000 after buying an additional 4,565 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of Gartner during the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.