Gartner, Inc. (NYSE:IT) SVP John J. Rinello Sells 90 Shares

Gartner, Inc. (NYSE:IT) 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 transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gartner Price Performance

Shares of NYSE:IT opened at $517.03 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $584.01. The firm has a 50-day simple moving average of $510.12 and a 200 day simple moving average of $507.95. The company has a market cap of $39.88 billion, a PE ratio of 32.25, a P/E/G ratio of 3.50 and a beta of 1.34.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share 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 136.32%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Institutional Investors Weigh In On Gartner

A number of institutional investors have recently modified their holdings of IT. Livforsakringsbolaget Skandia Omsesidigt grew its position in Gartner by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the information technology services provider’s stock worth $304,000 after purchasing an additional 500 shares during the last quarter. Procyon Advisors LLC grew its position in Gartner by 10.9% in the 3rd quarter. Procyon Advisors LLC now owns 2,603 shares of the information technology services provider’s stock worth $1,319,000 after purchasing an additional 256 shares during the last quarter. Empirical Asset Management LLC grew its position in Gartner by 11.5% in the 3rd quarter. Empirical Asset Management LLC now owns 642 shares of the information technology services provider’s stock worth $325,000 after purchasing an additional 66 shares during the last quarter. CX Institutional grew its position in Gartner by 2.0% in the 3rd quarter. CX Institutional now owns 1,197 shares of the information technology services provider’s stock worth $607,000 after purchasing an additional 24 shares during the last quarter. Finally, Creative Planning grew its position in Gartner by 13.9% in the 3rd quarter. Creative Planning now owns 10,735 shares of the information technology services provider’s stock worth $5,440,000 after purchasing an additional 1,307 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Morgan Stanley cut their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Finally, Robert W. Baird upped their target price on shares of Gartner from $579.00 to $605.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and an average target price of $552.63.

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.