Brokerages Set Gartner, Inc. (NYSE:IT) Price Target at $551.88

Gartner, Inc. (NYSE:IT) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $550.75.

Several equities research analysts have recently commented on IT shares. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Barclays upgraded Gartner from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird raised their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Insider Activity at Gartner

In related news, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James C. Smith sold 17,533 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $547.09, for a total value of $9,592,128.97. Following the transaction, the director now directly owns 532,294 shares of the company’s stock, valued at approximately $291,212,724.46. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock worth $19,241,974 in the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of Gartner

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its stake in shares of Gartner by 885.9% during the 4th quarter. SG Americas Securities LLC now owns 40,905 shares of the information technology services provider’s stock worth $19,817,000 after purchasing an additional 36,756 shares in the last quarter. Dakota Wealth Management increased its position in Gartner by 3.1% during the 4th quarter. Dakota Wealth Management now owns 11,776 shares of the information technology services provider’s stock worth $5,705,000 after buying an additional 355 shares during the period. Atomi Financial Group Inc. lifted its holdings in shares of Gartner by 23.6% during the fourth quarter. Atomi Financial Group Inc. now owns 565 shares of the information technology services provider’s stock worth $274,000 after buying an additional 108 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Gartner by 101.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,646 shares of the information technology services provider’s stock valued at $4,189,000 after acquiring an additional 4,361 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Gartner by 10.8% in the fourth quarter. Ballentine Partners LLC now owns 473 shares of the information technology services provider’s stock valued at $229,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Price Performance

Shares of IT stock opened at $516.34 on Thursday. The stock’s fifty day moving average is $507.49 and its 200-day moving average is $498.39. The stock has a market capitalization of $39.83 billion, a PE ratio of 38.08, a PEG ratio of 2.72 and a beta of 1.33. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner has a 52 week low of $411.15 and a 52 week high of $559.00.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.56 earnings per share. Equities research analysts expect that Gartner will post 11.87 EPS for the current fiscal year.

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.