Gartner, Inc. (NYSE:IT) Receives $532.86 Average Price Target from Brokerages

Gartner, Inc. (NYSE:IT) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. 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. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $539.25.

Several research analysts have weighed in on the stock. UBS Group upped their price objective 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. Barclays boosted their target price on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets raised their price objective on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st.

Gartner Price Performance

Shares of Gartner stock opened at $536.90 on Friday. Gartner has a 52 week low of $392.49 and a 52 week high of $542.13. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a market cap of $41.37 billion, a PE ratio of 51.13, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. The company’s 50-day moving average price is $510.44 and its two-hundred day moving average price is $473.06.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.56 earnings per share. As a group, sell-side analysts anticipate that Gartner will post 11.65 EPS for the current fiscal year.

Insider Activity at Gartner

In other news, CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the transaction, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the transaction, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,899 shares of company stock worth $24,959,886. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Hedge funds have recently modified their holdings of the company. Sustainable Growth Advisers LP bought a new stake in shares of Gartner during the second quarter valued at approximately $266,541,000. Principal Financial Group Inc. increased its stake in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after buying an additional 341,911 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Gartner by 38.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 414,559 shares of the information technology services provider’s stock valued at $197,608,000 after buying an additional 114,610 shares during the period. Natixis Advisors LLC raised its position in shares of Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after acquiring an additional 108,061 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Gartner during the first quarter valued at $30,735,000. 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.