Gartner, Inc. (NYSE:IT) Receives Consensus Rating of “Hold” from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $477.60.

Several research firms have commented on IT. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 price objective on the stock. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Saturday, February 10th. BMO Capital Markets lifted their target price on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. Morgan Stanley lifted their target price on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, UBS Group raised Gartner from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th.

Gartner Price Performance

Shares of Gartner stock opened at $440.38 on Tuesday. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54. The stock has a market capitalization of $34.34 billion, a P/E ratio of 39.82, a PEG ratio of 4.11 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The business’s fifty day moving average price is $465.07 and its 200 day moving average price is $435.13.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, beating the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company posted $3.70 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that Gartner will post 11.36 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. US Bancorp DE boosted its position in shares of Gartner by 6.0% during the first quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock worth $762,000 after buying an additional 144 shares during the period. Aviva PLC boosted its position in shares of Gartner by 53.3% during the first quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock worth $12,502,000 after buying an additional 14,618 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Gartner by 9.5% during the first quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock worth $8,044,000 after buying an additional 2,347 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Gartner by 25.2% during the first quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after buying an additional 19,892 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Gartner by 1.1% during the first quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock worth $2,736,085,000 after buying an additional 102,709 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.