Gartner, Inc. (NYSE:IT) Receives $551.88 Average Price Target from Analysts

Gartner, Inc. (NYSE:IT - Get Free Report) has earned an average recommendation of "Hold" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $550.75.

IT has been the subject of a number of research reports. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $525.00 to $600.00 in a research report on Friday, January 10th. Wells Fargo & Company lowered their target price on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. StockNews.com cut shares of Gartner from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Morgan Stanley lowered their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday.

Insiders Place Their Bets

In related news, Director James C. Smith sold 2,450 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the sale, the director now directly owns 529,844 shares of the company's stock, valued at $293,893,869.92. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction 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 $3,827,600.94. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock worth $19,241,974 over the last ninety days. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of Gartner

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its holdings in shares of Gartner by 208.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 272,267 shares of the information technology services provider's stock valued at $131,905,000 after purchasing an additional 183,974 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Gartner in the third quarter valued at $70,955,000. Principal Financial Group Inc. lifted its holdings in Gartner by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider's stock worth $1,014,099,000 after buying an additional 103,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gartner during the 3rd quarter worth about $36,789,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Gartner by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,036,530 shares of the information technology services provider's stock valued at $525,272,000 after acquiring an additional 70,236 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Gartner Stock Performance

Shares of NYSE:IT traded up $2.97 on Thursday, hitting $512.25. 350,697 shares of the company were exchanged, compared to its average volume of 416,740. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock's 50 day moving average price is $508.69 and its 200 day moving average price is $497.40. Gartner has a 1-year low of $411.15 and a 1-year high of $559.00. The firm has a market capitalization of $39.51 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 2.72 and a beta of 1.33.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $2.56 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Gartner will post 11.87 EPS for the current 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.