Claire Herkes Sells 1,460 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:ITGet Free Report) EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total transaction of $694,609.60. Following the completion of the transaction, the executive vice president now owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gartner Price Performance

Gartner stock opened at $477.02 on Wednesday. The company has a market cap of $37.19 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 4.30 and a beta of 1.29. The firm’s fifty day moving average is $460.80 and its 200 day moving average is $416.62. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. Gartner, Inc. has a 52-week low of $292.60 and a 52-week high of $479.00.

Gartner (NYSE:ITGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.21. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. Gartner’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.70 earnings per share. Sell-side analysts forecast that Gartner, Inc. will post 11.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently bought and sold shares of IT. Allworth Financial LP grew its holdings in shares of Gartner by 2.8% in the fourth quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock worth $364,000 after purchasing an additional 22 shares during the last quarter. BSW Wealth Partners grew its holdings in Gartner by 3.7% during the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock worth $278,000 after acquiring an additional 22 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in Gartner by 0.5% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock worth $2,210,000 after acquiring an additional 22 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 25 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in Gartner by 36.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Gartner from $412.00 to $490.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. BMO Capital Markets upped their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Wells Fargo & Company upped their target price on shares of Gartner from $380.00 to $435.00 and gave the stock an “overweight” rating in a research report on Friday, December 15th. Finally, Morgan Stanley upped their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Gartner currently has an average rating of “Hold” and a consensus price target of $455.25.

View Our Latest Stock Analysis on Gartner

Gartner Company Profile

(Get Free Report)

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.

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