Gartner, Inc. (NYSE:IT) Receives $532.86 Consensus Price Target from Brokerages

Shares of Gartner, Inc. (NYSE:IT) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $532.86.

Several research analysts have commented on the stock. UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley raised their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Bank of America lifted their price target on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their target price on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st.

Gartner Trading Up 0.3 %

NYSE:IT opened at $505.06 on Friday. Gartner has a 12 month low of $382.27 and a 12 month high of $535.29. 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 stock has a market capitalization of $38.92 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 3.12 and a beta of 1.32. The firm has a fifty day simple moving average of $508.33 and a two-hundred day simple moving average of $471.70.

Insider Buying and Selling at Gartner

In related news, CEO Eugene A. Hall sold 34,060 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the sale, the chief executive officer now owns 1,143,401 shares of the company’s stock, valued at $577,874,865.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Eugene A. Hall sold 34,060 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now owns 1,143,401 shares in the company, valued at $577,874,865.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig Safian sold 6,310 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total value of $3,051,326.70. Following the sale, the chief financial officer now owns 71,544 shares in the company, valued at approximately $34,596,532.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,899 shares of company stock valued at $24,959,886. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently modified their holdings of IT. Eastern Bank bought a new position in shares of Gartner in the third quarter worth about $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner in the 1st quarter worth about $36,000. Crewe Advisors LLC increased its stake in Gartner by 223.3% during the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Gartner during the third quarter valued at approximately $44,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Gartner by 23.8% in the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares during the period. Institutional investors 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.