Gartner (NYSE:IT) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Gartner (NYSE:IT – Get Rating) in a research report issued on Thursday. The firm set a “buy” rating on the information technology services provider’s stock.

A number of other research firms have also weighed in on IT. Morgan Stanley boosted their target price on shares of Gartner from $358.00 to $366.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 8th. BMO Capital Markets boosted their target price on shares of Gartner from $356.00 to $357.00 and gave the stock a “market perform” rating in a report on Thursday, February 9th. Wells Fargo & Company boosted their target price on shares of Gartner from $370.00 to $387.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Finally, Barclays boosted their target price on shares of Gartner from $330.00 to $350.00 and gave the stock an “equal weight” rating in a report on Friday, December 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $359.00.

Gartner Trading Down 3.0 %

Shares of Gartner stock opened at $310.82 on Thursday. The firm has a market capitalization of $24.57 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 5.10 and a beta of 1.28. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 10.77. The firm’s 50 day moving average is $335.02 and its 200 day moving average is $321.95. Gartner has a 1 year low of $221.39 and a 1 year high of $358.25.

Gartner (NYSE:IT – Get Rating) last posted its earnings results on Tuesday, February 7th. The information technology services provider reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $1.13. Gartner had a net margin of 14.75% and a return on equity of 2,645.96%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the firm posted $2.99 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Gartner will post 9.49 earnings per share for the current fiscal year.

Insider Transactions at Gartner

In related news, CEO Eugene A. Hall sold 16,410 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $351.33, for a total transaction of $5,765,325.30. Following the transaction, the chief executive officer now owns 1,148,281 shares in the company, valued at approximately $403,425,563.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Eugene A. Hall sold 16,410 shares of the business’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $351.33, for a total transaction of $5,765,325.30. Following the transaction, the chief executive officer now owns 1,148,281 shares in the company, valued at approximately $403,425,563.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 874 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $334.18, for a total transaction of $292,073.32. Following the transaction, the executive vice president now owns 2,568 shares in the company, valued at approximately $858,174.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,683 shares of company stock worth $14,934,903. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Gartner by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock valued at $2,736,085,000 after purchasing an additional 102,709 shares in the last quarter. BlackRock Inc. increased its stake in Gartner by 2.5% during the 3rd quarter. BlackRock Inc. now owns 6,075,891 shares of the information technology services provider’s stock valued at $1,681,139,000 after purchasing an additional 148,010 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Gartner by 145.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,227,844 shares of the information technology services provider’s stock valued at $616,422,000 after purchasing an additional 1,318,892 shares in the last quarter. Morgan Stanley increased its stake in Gartner by 271.1% during the 4th quarter. Morgan Stanley now owns 2,151,011 shares of the information technology services provider’s stock valued at $723,041,000 after purchasing an additional 1,571,413 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Gartner by 20.3% during the 1st quarter. Wellington Management Group LLP now owns 2,029,738 shares of the information technology services provider’s stock valued at $603,766,000 after purchasing an additional 342,228 shares in the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.

About Gartner

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Gartner, Inc is a research and advisory company, which equips business leaders with insights, advice, and tools that help build organizations. It operates through the following segments: Research, Consulting, and Conferences. The Research segment provides executives with objective insights and advice through reports, briefings, proprietary tools, access to the firm’s research experts, peer networking services, and membership programs.