Gartner, Inc. (NYSE:IT) EVP Robin B. Kranich Sells 739 Shares

Gartner, Inc. (NYSE:IT) EVP Robin B. Kranich sold 739 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $436.50, for a total transaction of $322,573.50. Following the completion of the transaction, the executive vice president now owns 20,464 shares of the company’s stock, valued at approximately $8,932,536. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gartner Price Performance

NYSE IT opened at $432.12 on Friday. The company has a 50 day moving average price of $423.97 and a two-hundred day moving average price of $482.13. Gartner, Inc. has a 12-month low of $366.05 and a 12-month high of $584.01. The stock has a market capitalization of $33.19 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 3.30 and a beta of 1.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, May 6th. The information technology services provider reported $2.98 earnings per share (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 firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $2.93 earnings per share. Gartner’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Barclays dropped their price target on Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company decreased their price objective on Gartner from $401.00 to $400.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Morgan Stanley dropped their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird decreased their price target on shares of Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a report on Friday, March 21st. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $518.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IT. Norges Bank bought a new stake in Gartner during the fourth quarter valued at about $460,541,000. Madison Investment Advisors LLC acquired a new stake in Gartner in the 4th quarter valued at $244,799,000. GAMMA Investing LLC grew its holdings in shares of Gartner by 40,841.0% in the 1st quarter. GAMMA Investing LLC now owns 499,071 shares of the information technology services provider’s stock worth $209,480,000 after purchasing an additional 497,852 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Gartner during the fourth quarter worth approximately $165,476,000. Finally, BNP Paribas Financial Markets raised its position in Gartner by 184.6% in the 4th quarter. BNP Paribas Financial Markets now owns 390,472 shares of the information technology services provider’s stock valued at $189,172,000 after purchasing an additional 253,288 shares during the last quarter. Institutional investors and hedge funds 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.