Gartner, Inc. (NYSE:IT) Receives $477.60 Average PT from Analysts

Gartner, Inc. (NYSE:IT - Get Free Report) has earned an average recommendation of "Hold" from the five analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $477.60.

A number of brokerages have recently weighed in on IT. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th. BMO Capital Markets upped their price target on shares of Gartner from $444.00 to $450.00 and gave the stock a "market perform" rating in a research note on Thursday, February 8th. UBS Group raised shares of Gartner from a "neutral" rating to a "buy" rating and increased their target price for the company from $484.00 to $550.00 in a research note on Thursday, April 11th. Morgan Stanley raised their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a report on Tuesday. They set a "hold" rating and a $507.00 target price for the company.

Insider Activity at Gartner

In related news, EVP Akhil Jain sold 250 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Gartner news, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the sale, the executive vice president now owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Akhil Jain sold 250 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares of the company's stock, valued at approximately $2,433,777.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IT. Fox Run Management L.L.C. bought a new position in shares of Gartner during the 3rd quarter valued at $230,000. RFG Advisory LLC raised its holdings in shares of Gartner by 37.2% during the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider's stock valued at $717,000 after purchasing an additional 431 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Gartner by 169.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider's stock valued at $17,010,000 after purchasing an additional 23,701 shares in the last quarter. Chapin Davis Inc. bought a new position in shares of Gartner during the 4th quarter valued at $960,000. Finally, Stifel Financial Corp grew its stake in Gartner by 32.6% in the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider's stock valued at $11,620,000 after buying an additional 8,319 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Gartner stock traded down $5.13 during midday trading on Tuesday, reaching $458.46. 496,745 shares of the stock traded hands, compared to its average volume of 389,414. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The firm has a fifty day moving average price of $465.67 and a two-hundred day moving average price of $433.60. The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 4.25 and a beta of 1.29. Gartner has a fifty-two week low of $292.60 and a fifty-two week high of $486.54.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. Gartner's revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 EPS. On average, equities research analysts forecast that Gartner will post 11.36 earnings per share for the current 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.