Gartner (NYSE:IT) Upgraded at StockNews.com

Gartner (NYSE:IT) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Several other analysts also recently weighed in on IT. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Robert W. Baird boosted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company cut their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price 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, Morgan Stanley decreased their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Gartner has an average rating of “Hold” and an average price target of $550.75.

Gartner Stock Up 0.9 %

Shares of NYSE IT opened at $541.70 on Monday. The firm has a market capitalization of $41.78 billion, a price-to-earnings ratio of 39.95, a PEG ratio of 2.92 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. The stock has a 50 day moving average price of $506.45 and a 200 day moving average price of $502.61.

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

Insider Buying and Selling

In related news, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $554.68, for a total value of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares of the company’s stock, valued at $293,893,869.92. This represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the completion of the sale, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,583 shares of company stock valued at $19,241,974 in the last three months. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently made changes to their positions in IT. Eastern Bank purchased a new position in Gartner in the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Gartner during the 3rd quarter valued at about $44,000. True Wealth Design LLC grew its stake in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC increased its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares during the last quarter. Finally, Asset Dedication LLC grew its stake in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

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.