Gartner, Inc. (NYSE:IT) Receives $539.25 Average PT from Analysts

Shares of Gartner, Inc. (NYSE:IT) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $539.25.

A number of analysts have weighed in on IT shares. Deutsche Bank Aktiengesellschaft boosted 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. Barclays raised their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th.

Gartner Stock Performance

NYSE:IT opened at $517.93 on Wednesday. The company has a market cap of $39.95 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 3.24 and a beta of 1.32. 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 has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The stock has a fifty day moving average price of $521.01 and a 200-day moving average price of $484.28.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $2.56 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Gartner will post 11.89 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Akhil Jain sold 500 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the transaction, the executive vice president now owns 4,339 shares in the company, valued at $2,134,788. This trade represents a 10.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares of the company’s stock, valued at approximately $577,874,865.40. This represents a 2.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,149 shares of company stock worth $37,694,911. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

A number of institutional investors and hedge funds have recently bought and sold shares of IT. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Gartner in the third quarter worth $44,000. Crewe Advisors LLC increased its stake in shares of 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 acquiring an additional 67 shares in the last quarter. True Wealth Design LLC increased its stake in shares of Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC raised its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after buying an additional 20 shares during the last quarter. 91.51% of the stock is owned by hedge funds and other 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.