Gartner, Inc. (NYSE:IT) SVP John J. Rinello Sells 109 Shares

Gartner, Inc. (NYSE:IT) SVP John J. Rinello sold 109 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the transaction, the senior vice president now directly owns 3,280 shares in the company, valued at $1,431,228. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gartner Trading Down 1.2 %

IT opened at $432.12 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a market cap of $33.19 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 3.30 and a beta of 1.24. Gartner, Inc. has a 12 month low of $366.05 and a 12 month high of $584.01. The stock has a fifty day moving average price of $423.97 and a 200-day moving average price of $482.39.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.26. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $2.93 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IT. Barclays cut their price target on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group reduced their target price on shares of Gartner from $622.00 to $535.00 and set a “buy” rating on the stock in a research report on Wednesday. Robert W. Baird lowered their price target on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. UBS Group raised their price objective on Gartner from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley lowered their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $518.67.

Institutional Investors Weigh In On Gartner

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Gartner by 1.8% during the first quarter. Vanguard Group Inc. now owns 9,433,449 shares of the information technology services provider’s stock valued at $3,959,596,000 after acquiring an additional 164,810 shares in the last quarter. FMR LLC raised its holdings in shares of Gartner by 8.6% in the fourth quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider’s stock worth $1,367,233,000 after buying an additional 223,087 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Gartner by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock worth $998,400,000 after buying an additional 45,219 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Gartner by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,012,799 shares of the information technology services provider’s stock valued at $975,141,000 after buying an additional 11,657 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Gartner by 12.7% in the 4th quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider’s stock valued at $805,192,000 after acquiring an additional 187,854 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

About Gartner

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.