Claire Herkes Sells 478 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Gartner Stock Performance

IT stock opened at $507.35 on Wednesday. The stock’s 50 day simple moving average is $478.23 and its 200 day simple moving average is $460.93. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $515.09. The stock has a market capitalization of $39.39 billion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $2.85 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, research analysts forecast that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Institutional Trading of Gartner

Institutional investors have recently made changes to their positions in the stock. Moors & Cabot Inc. raised its holdings in shares of Gartner by 3.0% during the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock valued at $343,000 after purchasing an additional 22 shares during the last quarter. TIAA Trust National Association raised its stake in Gartner by 3.2% during the 1st quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock valued at $355,000 after buying an additional 23 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Gartner by 2.2% during the 2nd quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock valued at $514,000 after buying an additional 23 shares during the period. Wallace Advisory Group LLC boosted its stake in shares of Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after buying an additional 23 shares during the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Gartner by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,715 shares of the information technology services provider’s stock worth $774,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IT shares. Wells Fargo & Company raised Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group raised their target price on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley raised their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $521.00.

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.