Weekly Analysts’ Ratings Changes for Gartner (IT)

Several analysts have recently updated their ratings and price targets for Gartner (NYSE: IT):

• 11/6/2024 – Gartner had its price target raised by analysts at Wells Fargo & Company from $460.00 to $470.00. They now have an “underweight” rating on the stock.
• 11/6/2024 – Gartner had its price target raised by analysts at Robert W. Baird from $565.00 to $590.00. They now have an “outperform” rating on the stock.
• 11/6/2024 – Gartner had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $529.00 to $531.00. They now have a “hold” rating on the stock.
• 11/6/2024 – Gartner had its price target raised by analysts at Barclays PLC from $470.00 to $525.00. They now have an “equal weight” rating on the stock.
• 11/6/2024 – Gartner was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/14/2024 – Gartner had its price target raised by analysts at Wells Fargo & Company from $435.00 to $460.00. They now have an “underweight” rating on the stock.
• 10/10/2024 – Gartner had its price target raised by analysts at Morgan Stanley from $490.00 to $528.00. They now have an “equal weight” rating on the stock.

Gartner Stock Up 0.2 %

Shares of Gartner stock opened at $551.80 on Thursday. The firm has a market cap of $42.52 billion, a price-to-earnings ratio of 40.69, a P/E/G ratio of 3.44 and a beta of 1.32. 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 52-week low of $411.15 and a 52-week high of $559.00. The stock has a 50-day simple moving average of $516.48 and a 200-day simple moving average of $476.56.

Gartner (NYSE:IT) last announced its quarterly 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. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $2.56 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts expect that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $293,893,869.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $293,893,869.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total value of $17,213,924.00. Following the completion of the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,172 shares of company stock worth $38,023,255. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new position in Gartner in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC increased its position in Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after buying an additional 67 shares during the period. Ashton Thomas Securities LLC bought a new position in Gartner in the 3rd quarter worth approximately $44,000. Fortitude Family Office LLC increased its position in Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after buying an additional 20 shares during the period. Finally, J.Safra Asset Management Corp increased its position in shares of Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 54 shares during the period. 91.51% of the stock is owned by institutional investors.

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.