Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III Sells 189 Shares

Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III sold 189 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Gartner Trading Down 0.4 %

Shares of IT stock traded down $1.82 on Tuesday, reaching $512.62. The company had a trading volume of 393,722 shares, compared to its average volume of 374,876. The company has a 50-day moving average of $521.67 and a 200-day moving average of $487.12. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The stock has a market cap of $39.54 billion, a PE ratio of 37.81, a PEG ratio of 3.23 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 EPS. On average, equities analysts forecast that Gartner, Inc. will post 11.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays increased their target price on Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Gartner has an average rating of “Hold” and a consensus target price of $539.25.

Institutional Trading of Gartner

Large investors have recently bought and sold shares of the business. Eastern Bank acquired a new position in shares of Gartner during the third quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Gartner during the 3rd quarter worth approximately $44,000. Crewe Advisors LLC raised its holdings in shares of Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Gartner by 2,350.0% in the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares during the last quarter. 91.51% of the stock is owned by institutional investors.

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.