Gartner, Inc. (NYSE:IT) EVP Sells $316,710.00 in Stock

Gartner, Inc. (NYSE:IT – Get Rating) EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $316.71, for a total value of $316,710.00. Following the transaction, the executive vice president now directly owns 44,915 shares in the company, valued at approximately $14,225,029.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gartner Stock Down 0.2 %

IT stock opened at $330.77 on Friday. The stock has a market cap of $26.14 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 4.38 and a beta of 1.28. The firm’s 50-day simple moving average is $311.69 and its 200 day simple moving average is $328.40. Gartner, Inc. has a fifty-two week low of $221.39 and a fifty-two week high of $358.25. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 5.19.

Gartner (NYSE:IT – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The information technology services provider reported $2.88 EPS for the quarter, beating the consensus estimate of $2.04 by $0.84. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. Gartner had a net margin of 16.56% and a return on equity of 772.55%. Gartner’s revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.33 earnings per share. As a group, sell-side analysts predict that Gartner, Inc. will post 10.05 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IT shares. Morgan Stanley upped their price target on Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Wells Fargo & Company reduced their price target on shares of Gartner from $387.00 to $380.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 19th. StockNews.com started coverage on shares of Gartner in a research report on Thursday. They set a “buy” rating for the company. Finally, BMO Capital Markets dropped their price objective on shares of Gartner from $357.00 to $337.00 and set a “market perform” rating on the stock in a research note on Friday, April 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $357.86.

Institutional Trading of Gartner

Several large investors have recently added to or reduced their stakes in IT. Moors & Cabot Inc. grew its stake in shares of Gartner by 4.1% in the fourth 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 in the last quarter. Sentry Investment Management LLC lifted its holdings in Gartner by 6.0% in the fourth quarter. Sentry Investment Management LLC now owns 526 shares of the information technology services provider’s stock worth $177,000 after purchasing an additional 30 shares during the period. CI Investments Inc. grew 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 buying an additional 30 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Gartner by 2.1% during 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 buying an additional 32 shares during the period. Finally, Diversified Trust Co raised its position in shares of Gartner by 1.8% during the 4th quarter. Diversified Trust Co now owns 1,913 shares of the information technology services provider’s stock worth $643,000 after buying an additional 34 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

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.