Gartner, Inc. (NYSE:IT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gartner, Inc. (NYSE:ITGet Rating) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $334.63.

Several brokerages have recently weighed in on IT. Wells Fargo & Company raised their target price on Gartner from $345.00 to $358.00 in a research report on Thursday, November 3rd. Jefferies Financial Group reissued a “hold” rating and set a $300.00 target price on shares of Gartner in a research report on Tuesday, October 25th. Morgan Stanley raised their price target on Gartner from $300.00 to $327.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 2nd. TheStreet upgraded Gartner from a “c+” rating to a “b-” rating in a research note on Wednesday, August 17th. Finally, Robert W. Baird raised their price target on Gartner from $365.00 to $381.00 in a research note on Wednesday, November 2nd.

Gartner Price Performance

Shares of NYSE IT opened at $340.90 on Friday. The company has a debt-to-equity ratio of 20.79, a quick ratio of 0.64 and a current ratio of 0.64. Gartner has a fifty-two week low of $221.39 and a fifty-two week high of $341.64. The firm has a market capitalization of $26.96 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.74 and a beta of 1.34. The stock’s 50-day simple moving average is $296.60 and its 200-day simple moving average is $275.79.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 645 shares of Gartner stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $310.02, for a total value of $199,962.90. Following the transaction, the executive vice president now directly owns 639 shares in the company, valued at approximately $198,102.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $325.00, for a total value of $195,000.00. Following the completion of the sale, the executive vice president now directly owns 36,959 shares of the company’s stock, valued at approximately $12,011,675. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yvonne Genovese sold 645 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $310.02, for a total value of $199,962.90. Following the completion of the sale, the executive vice president now directly owns 639 shares of the company’s stock, valued at $198,102.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,711 shares of company stock worth $8,668,038. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Gartner

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in Gartner by 2.4% during the third quarter. Envestnet Asset Management Inc. now owns 181,938 shares of the information technology services provider’s stock worth $50,340,000 after purchasing an additional 4,309 shares during the last quarter. Fairhaven Wealth Management LLC acquired a new position in Gartner during the third quarter worth $215,000. Quadrant Capital Group LLC raised its holdings in Gartner by 9.1% during the third quarter. Quadrant Capital Group LLC now owns 442 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 37 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Gartner during the third quarter worth $424,000. Finally, Axiom Investors LLC DE raised its holdings in Gartner by 103.0% during the third quarter. Axiom Investors LLC DE now owns 653,014 shares of the information technology services provider’s stock worth $180,682,000 after purchasing an additional 331,369 shares during the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.

About Gartner

(Get Rating)

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.

See Also

Analyst Recommendations for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.