Gartner, Inc. (NYSE:IT) EVP Akhil Jain Sells 400 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Akhil Jain sold 400 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gartner Stock Performance

Shares of IT stock opened at $485.00 on Tuesday. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $509.15. The company has a quick ratio of 0.91, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The stock has a market cap of $37.65 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The business has a 50-day simple moving average of $460.26 and a 200-day simple moving average of $456.17.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. Gartner’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.85 earnings per share. On average, equities analysts expect that Gartner, Inc. will post 11.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IT shares. UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised their target price on Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Bank of America increased their price objective on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lifted their target price on Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and an average price target of $521.00.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IT. Wallace Advisory Group LLC grew its position in shares of Gartner by 2.4% during the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock valued at $440,000 after acquiring an additional 23 shares during the period. Copperwynd Financial LLC boosted its position in Gartner by 20.4% during the second quarter. Copperwynd Financial LLC now owns 1,773 shares of the information technology services provider’s stock worth $796,000 after purchasing an additional 301 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in Gartner in the second quarter valued at approximately $2,578,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Gartner in the second quarter valued at approximately $339,000. Finally, APG Asset Management N.V. increased its position in shares of Gartner by 102.7% in the second quarter. APG Asset Management N.V. now owns 109,341 shares of the information technology services provider’s stock valued at $45,814,000 after buying an additional 55,389 shares in the last quarter. Institutional investors and hedge funds 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.