Anne Sutherland Fuchs Sells 705 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:ITGet Free Report) Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $428.99, for a total value of $302,437.95. Following the sale, the director now owns 8,524 shares of the company’s stock, valued at $3,656,710.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gartner Trading Up 0.5 %

Shares of NYSE:IT opened at $434.44 on Friday. The company has a market cap of $33.73 billion, a P/E ratio of 43.23, a P/E/G ratio of 3.82 and a beta of 1.32. The stock’s 50-day moving average is $445.28 and its 200-day moving average is $451.54. Gartner, Inc. has a 52-week low of $323.61 and a 52-week high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:ITGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $2.88 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Gartner, Inc. will post 11.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IT. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. UBS Group cut their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Robert W. Baird cut their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $474.50.

View Our Latest Research Report on IT

Institutional Investors Weigh In On Gartner

Institutional investors have recently added to or reduced their stakes in the company. RFG Advisory LLC grew its position in Gartner by 37.2% during the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after buying an additional 431 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Gartner by 169.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after buying an additional 23,701 shares in the last quarter. TCW Group Inc. grew its position in Gartner by 4.0% during the fourth quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock worth $89,800,000 after buying an additional 7,639 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Gartner by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock worth $208,328,000 after buying an additional 10,828 shares in the last quarter. Finally, Madison Asset Management LLC boosted its holdings in Gartner by 2.8% during the fourth quarter. Madison Asset Management LLC now owns 344,657 shares of the information technology services provider’s stock valued at $155,478,000 after purchasing an additional 9,538 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

About Gartner

(Get Free Report)

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.

Featured Stories

Insider Buying and Selling by Quarter 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.