Gartner, Inc. (NYSE:IT) EVP Claire Herkes Sells 478 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 478 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Gartner Stock Performance

IT opened at $510.08 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company’s fifty day moving average price is $477.01 and its two-hundred day moving average price is $460.61. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $515.09. The company has a market cap of $39.60 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 3.89 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new position in Gartner during the fourth quarter worth $27,000. DSM Capital Partners LLC purchased a new stake in shares of Gartner in the fourth quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner in the first quarter valued at about $36,000. Crewe Advisors LLC raised its holdings in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in Gartner by 58.7% during the first quarter. J.Safra Asset Management Corp now owns 146 shares of the information technology services provider’s stock worth $70,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Morgan Stanley upped their price objective on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Robert W. Baird upped their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and a consensus target price of $521.00.

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.