Gartner (NYSE:IT) Price Target Raised to $470.00

Gartner (NYSE:IT) had its price objective hoisted by Wells Fargo & Company from $460.00 to $470.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an underweight rating on the information technology services provider’s stock.

A number of other research analysts have also issued reports on the stock. Morgan Stanley upped their price target on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. BMO Capital Markets lifted their price target on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. UBS Group boosted their price target on Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus target price of $539.25.

Gartner Stock Up 1.3 %

Gartner stock opened at $547.75 on Wednesday. Gartner has a 1-year low of $397.43 and a 1-year high of $552.33. The business has a fifty day moving average price of $512.66 and a 200-day moving average price of $474.26. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 0.90. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 3.27 and a beta of 1.32.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping 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 the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $2.56 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Gartner will post 11.88 EPS for the current fiscal year.

Insider Activity at Gartner

In related news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the sale, the executive vice president now owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Akhil Jain sold 400 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,899 shares of company stock worth $30,317,486. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gartner

Hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new stake in Gartner during the 3rd quarter valued at about $422,000. Citizens Financial Group Inc. RI boosted its holdings in shares of Gartner by 20.2% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 947 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 159 shares during the last quarter. Jennison Associates LLC grew its holdings in Gartner by 15.5% in the 3rd quarter. Jennison Associates LLC now owns 105,769 shares of the information technology services provider’s stock valued at $53,599,000 after buying an additional 14,167 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Gartner in the 3rd quarter worth $36,789,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Gartner during the 3rd quarter worth $224,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.