Analysts Set Gartner, Inc. (NYSE:IT) PT at $552.63

Gartner, Inc. (NYSE:IT - Get Free Report) has earned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $552.63.

Several equities research analysts have recently commented on IT shares. Morgan Stanley reduced 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. Robert W. Baird upped their price target on Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Finally, StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday.

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Insiders Place Their Bets

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at approximately $1,728,932.09. This represents a 2.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the transaction, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Siemens Fonds Invest GmbH increased its holdings in shares of Gartner by 4.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 854 shares of the information technology services provider's stock valued at $415,000 after acquiring an additional 33 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Gartner during the 4th quarter valued at about $30,425,000. Jefferies Financial Group Inc. increased its holdings in shares of Gartner by 982.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 10,851 shares of the information technology services provider's stock valued at $5,257,000 after acquiring an additional 9,849 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Gartner by 4.7% during the 4th quarter. Ascent Group LLC now owns 929 shares of the information technology services provider's stock valued at $450,000 after acquiring an additional 42 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Gartner during the 4th quarter valued at approximately $4,929,000. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Trading Down 0.2 %

Shares of NYSE IT traded down $0.90 during mid-day trading on Friday, hitting $482.18. 566,090 shares of the company traded hands, compared to its average volume of 489,266. Gartner has a 1 year low of $411.15 and a 1 year high of $584.01. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 3.30 and a beta of 1.29. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The business has a 50 day moving average of $509.85 and a two-hundred day moving average of $510.35.

Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $3.04 earnings per share. Gartner's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Gartner will post 12.5 earnings per share for the current fiscal year.

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.