Analysts Set Gartner, Inc. (NYSE:IT) PT at $536.63

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, Marketbeat Ratings 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 price target among brokerages that have issued a report on the stock in the last year is $525.38.

Several research analysts recently commented on IT shares. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. StockNews.com lowered shares of Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. UBS Group lowered their price target on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Morgan Stanley reduced their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Finally, Barclays lowered their target price on Gartner from $600.00 to $510.00 and set an "overweight" rating for the company in a research note on Friday.

Gartner Trading Down 5.4 %

Shares of NYSE IT traded down $21.84 during trading on Tuesday, hitting $383.12. 995,758 shares of the company traded hands, compared to its average volume of 436,285. The firm has a market capitalization of $29.43 billion, a P/E ratio of 23.90, a P/E/G 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 company has a 50-day moving average price of $482.71 and a 200-day moving average price of $502.15. Gartner has a 1 year low of $382.23 and a 1 year high of $584.01.

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

Insider Buying and Selling

In related news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares in the company, valued at approximately $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of the stock in a transaction on Monday, February 10th. The shares were 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 in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Gartner

A number of hedge funds have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new stake in shares of Gartner during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new stake in Gartner in the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. boosted its stake in Gartner by 453.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 68 shares during the period. True Wealth Design LLC grew its position in Gartner by 2,350.0% in the 3rd 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 during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Gartner in the fourth quarter valued at approximately $49,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.