Gartner, Inc. (NYSE:IT) Director Eileen Serra Sells 1,200 Shares

Gartner, Inc. (NYSE:IT) Director Eileen Serra sold 1,200 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the completion of the sale, the director now directly owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Gartner Trading Down 1.0 %

IT stock opened at $498.05 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01. The company’s 50-day simple moving average is $509.78 and its 200-day simple moving average is $509.80. The firm has a market cap of $38.26 billion, a P/E ratio of 31.07, a PEG ratio of 3.30 and a beta of 1.34.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $3.04 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Gartner

A number of large investors have recently made changes to their positions in the stock. Cary Street Partners Financial LLC acquired a new position in Gartner during the fourth quarter worth $27,000. Kestra Investment Management LLC purchased a new position in shares of Gartner during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. raised its holdings in shares of Gartner by 453.3% during the 4th 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 period. Ashton Thomas Securities LLC acquired a new position in shares of Gartner during the 3rd quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Gartner in the fourth quarter valued at about $49,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IT shares. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. 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 note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.