Gartner (NYSE:IT) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner (NYSE:IT) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “hold” rating and a $507.00 price target on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 12.81% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. BMO Capital Markets boosted their price target on shares of Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Morgan Stanley boosted their price target on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $477.60.

Gartner Price Performance

Gartner stock opened at $449.41 on Tuesday. Gartner has a 52-week low of $292.60 and a 52-week high of $486.54. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 4.23 and a beta of 1.29. The company has a fifty day simple moving average of $465.66 and a 200-day simple moving average of $433.71. 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 (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $3.70 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Gartner will post 11.36 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following 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 at this link. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the sale, the executive vice president now directly owns 2,842 shares in the company, valued at $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $470.09, for a total transaction of $2,350,450.00. Following the sale, the director now owns 618,235 shares in the company, valued at $290,626,091.15. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock valued at $10,598,070 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Trading of Gartner

Institutional investors and hedge funds have recently bought and sold shares of the business. Fox Run Management L.L.C. purchased a new stake in Gartner during the third quarter worth about $230,000. RFG Advisory LLC increased its stake in shares of Gartner by 37.2% during the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after buying an additional 431 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Gartner by 169.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after buying an additional 23,701 shares during the period. Chapin Davis Inc. purchased a new stake in shares of Gartner during the fourth quarter worth approximately $960,000. Finally, Stifel Financial Corp increased its stake in shares of Gartner by 32.6% during the third quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after buying an additional 8,319 shares during the period. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

About Gartner

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.