Gartner (NYSE:IT) Price Target Increased to $358.00 by Analysts at Morgan Stanley

Gartner (NYSE:ITGet Rating) had its price objective boosted by Morgan Stanley from $342.00 to $358.00 in a report issued on Tuesday morning, The Fly reports. Morgan Stanley currently has an equal weight rating on the information technology services provider’s stock.

A number of other brokerages also recently issued reports on IT. Robert W. Baird lifted their price target on shares of Gartner from $365.00 to $381.00 in a research note on Wednesday, November 2nd. StockNews.com upgraded shares of Gartner from a hold rating to a buy rating in a research note on Saturday. Wells Fargo & Company raised their price target on Gartner from $358.00 to $370.00 and gave the company an overweight rating in a research note on Friday, January 13th. Jefferies Financial Group reaffirmed a hold rating and set a $300.00 price objective on shares of Gartner in a research report on Tuesday, October 25th. Finally, The Goldman Sachs Group raised their target price on Gartner from $348.00 to $391.00 and gave the stock a buy rating in a research report on Wednesday, November 2nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $344.38.

Gartner Stock Down 0.0 %

IT opened at $332.93 on Tuesday. Gartner has a 52 week low of $221.39 and a 52 week high of $358.25. The business has a fifty day simple moving average of $338.82 and a 200-day simple moving average of $307.63. The firm has a market cap of $26.31 billion, a P/E ratio of 35.88, a P/E/G ratio of 3.35 and a beta of 1.35.

Gartner (NYSE:ITGet Rating) last released its earnings results on Tuesday, November 1st. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.56. Gartner had a return on equity of 1,234.18% and a net margin of 14.41%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts expect that Gartner will post 10.14 earnings per share for the current year.

Insider Activity

In related news, CEO Eugene A. Hall sold 16,652 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $324.94, for a total value of $5,410,900.88. Following the completion of the sale, the chief executive officer now owns 1,143,277 shares in the company, valued at approximately $371,496,428.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Yvonne Genovese sold 175 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $340.77, for a total value of $59,634.75. Following the transaction, the executive vice president now owns 464 shares in the company, valued at approximately $158,117.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eugene A. Hall sold 16,652 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $324.94, for a total value of $5,410,900.88. Following the completion of the transaction, the chief executive officer now owns 1,143,277 shares in the company, valued at approximately $371,496,428.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,756 shares of company stock valued at $10,065,089. 3.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Gartner

Several institutional investors have recently added to or reduced their stakes in IT. Lindbrook Capital LLC increased its position in Gartner by 168.4% in the 2nd quarter. Lindbrook Capital LLC now owns 102 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 64 shares during the period. AdvisorNet Financial Inc boosted its holdings in Gartner by 105.6% in the 4th quarter. AdvisorNet Financial Inc now owns 74 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 38 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Gartner in the 3rd quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in Gartner in the 2nd quarter valued at approximately $30,000. Finally, Altshuler Shaham Ltd purchased a new stake in Gartner in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.86% of the company’s stock.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.

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