Gartner, Inc. (NYSE:IT) Receives $543.75 Average Target Price from Analysts

Gartner, Inc. (NYSE:IT) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $543.75.

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted 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. Robert W. Baird lifted their price target on shares of 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 increased their price objective on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays raised their price objective on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th.

Insiders Place Their Bets

In other news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now owns 7,311 shares in the company, valued at $3,827,600.94. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 over the last three months. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

Institutional investors and hedge funds have recently modified their holdings of the company. Sustainable Growth Advisers LP acquired a new stake in Gartner during the second quarter worth approximately $266,541,000. Principal Financial Group Inc. lifted its position in Gartner by 22.0% in the second quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Gartner in the third quarter valued at $70,955,000. Natixis Advisors LLC grew its holdings in shares of Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after purchasing an additional 108,061 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gartner during the third quarter worth about $36,789,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 0.6 %

IT stock opened at $489.96 on Friday. The company has a market cap of $37.79 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 3.24 and a beta of 1.31. The firm has a 50-day moving average of $517.92 and a two-hundred day moving average of $492.43. Gartner has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 earnings per share. As a group, analysts forecast that Gartner will post 11.89 earnings per share 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.