Gartner, Inc. (NYSE:IT) Receives $513.63 Consensus Price Target from Analysts

Gartner, Inc. (NYSE:IT - Get Free Report) has received a consensus recommendation of "Hold" from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $513.63.

Several analysts have commented on the stock. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. UBS Group dropped their target price on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Robert W. Baird lowered their target price on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Insider Buying and Selling

In other news, Director Eileen Serra sold 1,200 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John J. Rinello sold 90 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Institutional Trading of Gartner

Large investors have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC grew its position in shares of Gartner by 1.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,603 shares of the information technology services provider's stock valued at $3,191,000 after purchasing an additional 75 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Gartner by 6.6% in the 1st quarter. Highview Capital Management LLC DE now owns 2,543 shares of the information technology services provider's stock valued at $1,067,000 after buying an additional 157 shares in the last quarter. EULAV Asset Management increased its stake in shares of Gartner by 0.6% in the 1st quarter. EULAV Asset Management now owns 217,200 shares of the information technology services provider's stock worth $91,168,000 after acquiring an additional 1,400 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Gartner by 1.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,942 shares of the information technology services provider's stock worth $1,235,000 after acquiring an additional 37 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in shares of Gartner during the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Down 0.3 %

Gartner stock traded down $1.41 during midday trading on Friday, hitting $419.18. 222,241 shares of the company's stock were exchanged, compared to its average volume of 452,134. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $32.20 billion, a PE ratio of 26.15, a P/E/G ratio of 3.30 and a beta of 1.26. The firm has a 50-day moving average of $434.22 and a two-hundred day moving average of $487.62. Gartner has a 12 month low of $366.05 and a 12 month high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. As a group, analysts expect that Gartner will post 12.5 earnings per share for the current fiscal year.

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.