Gartner, Inc. (NYSE:IT) EVP Claire Herkes Sells 411 Shares

Gartner, Inc. (NYSE:IT) 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 represents a 21.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Claire Herkes also recently made the following trade(s):

• On Friday, September 13th, Claire Herkes sold 478 shares of Gartner stock. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78.

Gartner Stock Performance

NYSE:IT traded down $0.67 during mid-day trading on Monday, hitting $517.26. The stock had a trading volume of 410,293 shares, compared to its average volume of 373,262. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The stock has a market cap of $39.90 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.24 and a beta of 1.32. The company’s 50 day simple moving average is $521.01 and its 200 day simple moving average is $484.28. 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 (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $2.56 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird increased their target price on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, Barclays increased their price objective on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Gartner presently has an average rating of “Hold” and an average price target of $539.25.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Gartner by 1.1% in the third quarter. State Street Corp now owns 3,257,355 shares of the information technology services provider’s stock valued at $1,650,697,000 after buying an additional 36,258 shares in the last quarter. Geode Capital Management LLC boosted its position in Gartner by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,018,358 shares of the information technology services provider’s stock valued at $1,020,378,000 after buying an additional 36,698 shares in the last quarter. Principal Financial Group Inc. boosted its position in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares in the last quarter. Franklin Resources Inc. boosted its position in Gartner by 3.3% in the third quarter. Franklin Resources Inc. now owns 801,589 shares of the information technology services provider’s stock valued at $422,678,000 after buying an additional 25,315 shares in the last quarter. Finally, Sustainable Growth Advisers LP acquired a new stake in Gartner in the second quarter valued at approximately $266,541,000. 91.51% of the stock is owned by institutional investors.

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.