Gartner, Inc. (NYSE:IT) SVP Sells $47,745.90 in Stock

Gartner, Inc. (NYSE:IT) SVP John J. Rinello sold 90 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the transaction, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gartner Trading Down 0.4 %

NYSE IT opened at $515.34 on Friday. The stock has a market capitalization of $39.75 billion, a P/E ratio of 32.15, a P/E/G ratio of 3.50 and a beta of 1.34. The business has a 50 day simple moving average of $510.09 and a 200 day simple moving average of $508.32. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a one year low of $411.15 and a one year high of $584.01.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 136.32%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the firm posted $3.04 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Research analysts expect that Gartner, Inc. will post 12.5 earnings per share for the current year.

Hedge Funds Weigh In On Gartner

Institutional investors have recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Gartner by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the information technology services provider’s stock valued at $304,000 after buying an additional 500 shares during the period. Procyon Advisors LLC grew its stake in Gartner by 10.9% in the third quarter. Procyon Advisors LLC now owns 2,603 shares of the information technology services provider’s stock valued at $1,319,000 after acquiring an additional 256 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Gartner by 11.5% during the third quarter. Empirical Asset Management LLC now owns 642 shares of the information technology services provider’s stock valued at $325,000 after acquiring an additional 66 shares in the last quarter. CX Institutional raised its position in shares of Gartner by 2.0% during the third quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock worth $607,000 after purchasing an additional 24 shares during the period. Finally, Creative Planning raised its position in shares of Gartner by 13.9% during the third quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock worth $5,440,000 after purchasing an additional 1,307 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IT shares. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley reduced their target price on 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 assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $552.63.

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.