William James Wartinbee III Sells 835 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT – Get Rating) SVP William James Wartinbee III sold 835 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $332.24, for a total value of $277,420.40. Following the transaction, the senior vice president now owns 7,129 shares of the company’s stock, valued at approximately $2,368,538.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

William James Wartinbee III also recently made the following trade(s):

• On Tuesday, May 16th, William James Wartinbee III sold 1,007 shares of Gartner stock. The stock was sold at an average price of $322.29, for a total value of $324,546.03.

Gartner Trading Up 2.6 %

Shares of IT opened at $338.24 on Friday. The stock has a fifty day moving average price of $313.17 and a two-hundred day moving average price of $328.67. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.84 and a current ratio of 0.84. Gartner, Inc. has a 52-week low of $221.39 and a 52-week high of $358.25. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 4.30 and a beta of 1.28.

Gartner (NYSE:IT – Get Rating) last released its 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 during the quarter, compared to analysts’ expectations of $1.37 billion. Gartner had a return on equity of 772.55% and a net margin of 16.56%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Analysts predict that Gartner, Inc. will post 10.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

Several hedge funds and other institutional investors have recently made changes to their positions in IT. Morgan Stanley increased its stake in shares of Gartner by 271.1% in the 4th quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider’s stock valued at $723,041,000 after buying an additional 1,571,413 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Gartner by 926.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,726,215 shares of the information technology services provider’s stock worth $64,835,000 after purchasing an additional 1,558,080 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Gartner by 145.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,227,844 shares of the information technology services provider’s stock worth $616,422,000 after purchasing an additional 1,318,892 shares during the period. Norges Bank acquired a new stake in shares of Gartner during the fourth quarter worth $263,599,000. Finally, Brown Advisory Inc. grew its stake in shares of Gartner by 2,360.5% during the first quarter. Brown Advisory Inc. now owns 779,471 shares of the information technology services provider’s stock worth $253,928,000 after purchasing an additional 747,791 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IT has been the subject of several analyst reports. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company cut their target price on Gartner from $387.00 to $380.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. BMO Capital Markets cut their target price on Gartner from $357.00 to $337.00 and set a “market perform” rating for the company in a research report on Friday, April 21st. Finally, Morgan Stanley lifted their price objective on Gartner from $358.00 to $366.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $357.86.

Gartner Company Profile

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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.