Analysts Set Gartner, Inc. (NYSE:IT) PT at $536.63

Gartner, Inc. (NYSE:IT) has earned an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $525.38.

A number of research analysts have recently commented on IT shares. The Goldman Sachs Group reissued a “buy” rating on shares of Gartner in a research report on Tuesday, February 4th. Robert W. Baird decreased their price objective on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. UBS Group lowered their target price on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Morgan Stanley cut their price target on 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, Barclays lowered their price objective on Gartner from $600.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday.

Gartner Trading Down 5.4 %

NYSE:IT opened at $383.12 on Tuesday. The business’s 50-day moving average is $482.71 and its two-hundred day moving average is $502.15. The firm has a market capitalization of $29.43 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.30 and a beta of 1.29. Gartner has a 12 month low of $382.23 and a 12 month high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insider Activity at Gartner

In other Gartner news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The shares were 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 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 document filed with the SEC, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently bought and sold shares of IT. Principal Financial Group Inc. lifted its stake in Gartner by 5.5% in the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after buying an additional 103,814 shares during the last quarter. D.A. Davidson & CO. lifted its position in Gartner by 4.2% in the 3rd quarter. D.A. Davidson & CO. now owns 1,108 shares of the information technology services provider’s stock valued at $561,000 after purchasing an additional 45 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Gartner during the 3rd quarter valued at about $229,000. Public Sector Pension Investment Board grew its position in Gartner by 13.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,330 shares of the information technology services provider’s stock worth $1,688,000 after purchasing an additional 400 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Gartner by 3.5% in the third quarter. Captrust Financial Advisors now owns 7,093 shares of the information technology services provider’s stock valued at $3,594,000 after purchasing an additional 237 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.