Gartner, Inc. (NYSE:IT) CFO Sells $1,540,300.30 in Stock

Gartner, Inc. (NYSE:IT – Get Rating) CFO Craig Safian sold 4,510 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $341.53, for a total value of $1,540,300.30. Following the completion of the sale, the chief financial officer now owns 64,282 shares in the company, valued at $21,954,231.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gartner Trading Down 1.8 %

Shares of IT opened at $332.32 on Friday. The company has a market capitalization of $26.27 billion, a P/E ratio of 33.27, a P/E/G ratio of 5.45 and a beta of 1.28. Gartner, Inc. has a one year low of $221.39 and a one year high of $358.25. The company has a debt-to-equity ratio of 10.77, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day moving average price of $336.73 and a 200 day moving average price of $321.44.

Gartner (NYSE:IT – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $1.13. Gartner had a return on equity of 2,645.96% and a net margin of 14.75%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business posted $2.99 earnings per share. Gartner’s revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Gartner, Inc. will post 9.49 EPS for the current fiscal year.

Institutional Trading of Gartner

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. raised its position in shares of Gartner by 4.1% during the 4th quarter. Moors & Cabot Inc. now owns 768 shares of the information technology services provider’s stock worth $257,000 after purchasing an additional 30 shares during the period. Sentry Investment Management LLC increased its position in Gartner by 6.0% in the 4th quarter. Sentry Investment Management LLC now owns 526 shares of the information technology services provider’s stock valued at $177,000 after acquiring an additional 30 shares during the period. CI Investments Inc. increased its position in Gartner by 2.2% in the 4th quarter. CI Investments Inc. now owns 1,377 shares of the information technology services provider’s stock valued at $463,000 after acquiring an additional 30 shares during the period. Belpointe Asset Management LLC increased its position in Gartner by 2.1% in the 4th quarter. Belpointe Asset Management LLC now owns 1,527 shares of the information technology services provider’s stock valued at $513,000 after acquiring an additional 32 shares during the period. Finally, Diversified Trust Co increased its position in Gartner by 1.8% in the 4th quarter. Diversified Trust Co now owns 1,913 shares of the information technology services provider’s stock valued at $643,000 after acquiring an additional 34 shares during the period. 91.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IT. Wells Fargo & Company upped their price objective on Gartner from $370.00 to $387.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Morgan Stanley upped their target price on Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. BMO Capital Markets upped their target price on Gartner from $356.00 to $357.00 and gave the company a “market perform” rating in a research note on Thursday, February 9th. Barclays upped their target price on Gartner from $330.00 to $350.00 and gave the company an “equal weight” rating in a research note on Friday, December 2nd. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Saturday, January 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $359.00.

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.