Gartner, Inc. (NYSE:IT) SVP John J. Rinello Sells 109 Shares

Gartner, Inc. (NYSE:IT) SVP John J. Rinello sold 109 shares of Gartner stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the completion of the sale, the senior vice president now owns 3,280 shares in the company, valued at $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gartner Stock Down 1.2%

IT stock opened at $432.12 on Monday. Gartner, Inc. has a 1-year low of $366.05 and a 1-year high of $584.01. The business’s 50 day simple moving average is $423.97 and its 200 day simple moving average is $481.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $33.19 billion, a PE ratio of 26.96, a PEG ratio of 3.30 and a beta of 1.24.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating the consensus estimate of $2.72 by $0.26. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.93 earnings per share. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. UBS Group increased their price objective on Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company lowered their target price on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $518.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IT. Cary Street Partners Financial LLC acquired a new stake in Gartner during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Gartner during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. lifted its holdings in 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 purchasing an additional 68 shares during the last quarter. Olde Wealth Management LLC bought a new stake in Gartner in the 1st quarter valued at $42,000. Finally, GW&K Investment Management LLC grew its holdings in Gartner by 210.8% in the 1st quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 78 shares in the last quarter. 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.