Gartner (NYSE:IT) Price Target Lowered to $475.00 at Barclays

Gartner (NYSE:IT - Free Report) had its target price trimmed by Barclays from $510.00 to $475.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider's stock.

IT has been the topic of several other reports. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research note on Tuesday, February 4th. StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Morgan Stanley cut their target price on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Robert W. Baird decreased their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, UBS Group cut their price objective on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $513.63.

Gartner Stock Performance

Shares of Gartner stock traded down $1.48 during trading on Monday, reaching $416.37. The company's stock had a trading volume of 714,574 shares, compared to its average volume of 453,869. The company has a 50-day moving average price of $437.85 and a two-hundred day moving average price of $489.03. Gartner has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The firm has a market cap of $31.98 billion, a PE ratio of 25.97, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Insider Buying and Selling at Gartner

In other news, SVP John J. Rinello sold 90 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Gartner

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in Gartner in the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new position in shares of Gartner during the 4th quarter worth about $29,000. Itau Unibanco Holding S.A. boosted its position in shares of Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Gartner in the fourth quarter valued at approximately $49,000. Finally, Promus Capital LLC acquired a new position in Gartner during the fourth quarter worth approximately $57,000. 91.51% of the stock is owned by hedge funds and other institutional investors.

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.