Gartner (NYSE:IT) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner (NYSE:IT) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a hold rating and a $507.00 target price on the information technology services provider’s stock.

A number of other brokerages also recently issued reports on IT. BMO Capital Markets lifted their price objective on shares of Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a research report on Thursday, February 8th. Morgan Stanley lifted their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an equal weight rating in a report on Tuesday, February 6th. StockNews.com lowered Gartner from a buy rating to a hold rating in a report on Saturday, February 10th. Finally, UBS Group upgraded Gartner from a neutral rating to a buy rating and boosted their target price for the stock from $484.00 to $550.00 in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $477.60.

Gartner Stock Down 1.1 %

Gartner stock opened at $458.46 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60. The firm has a market cap of $35.75 billion, a P/E ratio of 41.45, a P/E/G ratio of 4.25 and a beta of 1.29. The business has a fifty day moving average of $465.67 and a two-hundred day moving average of $433.60. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the business posted $3.70 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Gartner will post 11.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Claire Herkes sold 1,460 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is owned by corporate insiders.

Institutional Trading of Gartner

Hedge funds and other institutional investors have recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new stake in Gartner during the 4th quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner in the fourth quarter worth about $27,000. MCF Advisors LLC acquired a new stake in Gartner during the fourth quarter worth about $27,000. AdvisorNet Financial Inc grew its holdings in Gartner by 59.5% during the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 25 shares during the period. Finally, DSM Capital Partners LLC purchased a new position in Gartner during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds 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.