Gartner (NYSE:IT) Price Target Raised to $525.00

Gartner (NYSE:IT - Get Free Report) had its price target upped by equities researchers at Barclays from $470.00 to $525.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an "equal weight" rating on the information technology services provider's stock. Barclays's price objective would suggest a potential downside of 2.22% from the stock's previous close.

A number of other research analysts have also recently weighed in on IT. UBS Group raised their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird boosted their price target on Gartner from $565.00 to $590.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Gartner from $435.00 to $460.00 and gave the company an "underweight" rating in a research note on Monday, October 14th. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. Finally, StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $539.25.

Gartner Price Performance

Shares of IT traded up $23.42 on Wednesday, reaching $536.90. The stock had a trading volume of 485,662 shares, compared to its average volume of 368,780. Gartner has a twelve month low of $392.49 and a twelve month high of $542.13. The firm has a market capitalization of $41.37 billion, a PE ratio of 50.55, a PEG ratio of 3.13 and a beta of 1.32. The firm has a 50-day moving average of $509.34 and a 200 day moving average of $472.61. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.56 EPS. Sell-side analysts expect that Gartner will post 11.65 EPS for the current year.

Insider Buying and Selling at Gartner

In other Gartner news, EVP Yvonne Genovese sold 443 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $483.62, for a total transaction of $214,243.66. Following the transaction, the executive vice president now owns 1,959 shares of the company's stock, valued at $947,411.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Yvonne Genovese sold 443 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $483.62, for a total transaction of $214,243.66. Following the completion of the sale, the executive vice president now owns 1,959 shares in the company, valued at approximately $947,411.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig Safian sold 6,310 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the transaction, the chief financial officer now owns 71,544 shares in the company, valued at $34,596,532.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,899 shares of company stock worth $24,959,886 in the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IT. Natixis Advisors LLC boosted its stake in shares of Gartner by 15.4% in the third quarter. Natixis Advisors LLC now owns 230,939 shares of the information technology services provider's stock valued at $117,031,000 after purchasing an additional 30,842 shares during the period. Mizuho Securities USA LLC boosted its position in Gartner by 1,074.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 70,312 shares of the information technology services provider's stock valued at $35,631,000 after buying an additional 64,327 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Gartner by 37.7% during the third quarter. Empowered Funds LLC now owns 5,537 shares of the information technology services provider's stock valued at $2,806,000 after acquiring an additional 1,515 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Gartner by 2.1% in the third quarter. Empirical Finance LLC now owns 2,738 shares of the information technology services provider's stock worth $1,388,000 after acquiring an additional 56 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in Gartner by 0.5% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 4,434 shares of the information technology services provider's stock valued at $2,247,000 after purchasing an additional 24 shares in the last quarter. 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.