William James Wartinbee III Sells 538 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III sold 538 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $449.09, for a total transaction of $241,610.42. Following the completion of the sale, the executive vice president now directly owns 7,965 shares of the company’s stock, valued at approximately $3,577,001.85. This trade represents a 6.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gartner Price Performance

NYSE:IT opened at $447.88 on Friday. The company has a 50-day moving average of $420.79 and a 200-day moving average of $479.98. The company has a market capitalization of $34.41 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06.

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, topping analysts’ consensus estimates of $2.72 by $0.26. The company had revenue of $1.54 billion during 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.93 EPS. As a group, equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

IT has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. UBS Group increased their price target on shares of Gartner from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, March 21st. The Goldman Sachs Group reduced their price target on shares of Gartner from $622.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus price target of $518.67.

Hedge Funds Weigh In On Gartner

A number of hedge funds and other institutional investors have recently made changes to their positions in IT. Czech National Bank increased its position in shares of Gartner by 6.5% during the 4th quarter. Czech National Bank now owns 16,725 shares of the information technology services provider’s stock worth $8,103,000 after purchasing an additional 1,028 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Gartner during the 4th quarter worth about $366,000. D.A. Davidson & CO. increased its position in shares of Gartner by 2.6% during the 4th quarter. D.A. Davidson & CO. now owns 1,137 shares of the information technology services provider’s stock worth $551,000 after purchasing an additional 29 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Gartner by 1.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 31,626 shares of the information technology services provider’s stock worth $15,322,000 after purchasing an additional 480 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Gartner by 0.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,379 shares of the information technology services provider’s stock worth $1,637,000 after purchasing an additional 30 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

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.