Gartner, Inc. (NYSE:IT) Short Interest Up 7.8% in April

Gartner, Inc. (NYSE:IT) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 1,110,000 shares, a growth of 7.8% from the April 15th total of 1,030,000 shares. Based on an average daily volume of 415,100 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.5% of the shares of the company are short sold.

Analyst Ratings Changes

IT has been the topic of several research analyst reports. Robert W. Baird decreased their price target on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. UBS Group decreased their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets decreased their price target on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $474.50.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Gartner news, EVP Akhil Jain sold 250 shares of Gartner stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yvonne Genovese sold 560 shares of Gartner stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total value of $256,127.20. Following the completion of the sale, the executive vice president now directly owns 2,398 shares in the company, valued at approximately $1,096,773.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,270 shares of company stock valued at $10,289,124. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IT. Commonwealth Equity Services LLC raised its holdings in Gartner by 32.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,371 shares of the information technology services provider’s stock valued at $1,846,000 after acquiring an additional 1,310 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Gartner by 13.2% during the 3rd quarter. Fifth Third Bancorp now owns 6,912 shares of the information technology services provider’s stock valued at $2,375,000 after buying an additional 807 shares during the period. Allworth Financial LP grew its stake in shares of Gartner by 29.8% during the 3rd quarter. Allworth Financial LP now owns 785 shares of the information technology services provider’s stock valued at $270,000 after buying an additional 180 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Gartner by 58.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 82,731 shares of the information technology services provider’s stock valued at $28,427,000 after buying an additional 30,665 shares during the period. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Gartner during the 3rd quarter valued at $201,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Trading Up 0.6 %

Shares of Gartner stock opened at $450.26 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner has a 1 year low of $320.82 and a 1 year high of $486.54. The company has a market capitalization of $34.95 billion, a P/E ratio of 44.80, a P/E/G ratio of 3.54 and a beta of 1.32. The business has a 50 day moving average price of $457.36 and a 200 day moving average price of $447.22.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 EPS. Sell-side analysts anticipate that Gartner will post 11.55 EPS for the current fiscal year.

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.