James C. Smith Sells 10,000 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) Director James C. Smith sold 10,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the transaction, the director now directly owns 608,369 shares of the company’s stock, valued at approximately $276,929,568.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Gartner Trading Down 1.4 %

NYSE IT opened at $445.69 on Friday. The business’s 50-day moving average price is $455.68 and its two-hundred day moving average price is $450.10. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $486.54. The firm has a market capitalization of $34.60 billion, a PE ratio of 44.35, a price-to-earnings-growth ratio of 3.93 and a beta of 1.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fox Run Management L.L.C. acquired a new position in shares of Gartner in the 3rd quarter valued at about $230,000. RFG Advisory LLC lifted its stake in shares of Gartner by 37.2% in the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock valued at $717,000 after purchasing an additional 431 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Gartner by 169.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after purchasing an additional 23,701 shares during the period. TCW Group Inc. lifted its stake in shares of Gartner by 4.0% in the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock valued at $89,800,000 after purchasing an additional 7,639 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Gartner by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock valued at $208,328,000 after purchasing an additional 10,828 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on IT. UBS Group reduced their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective on the stock. Robert W. Baird reduced their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. BMO Capital Markets reduced their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Finally, StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Gartner Company Profile

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.