Gartner (NYSE:IT) Reaches New 1-Year Low - Should You Sell?

Shares of Gartner, Inc. (NYSE:IT - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $409.00 and last traded at $413.19, with a volume of 1236924 shares traded. The stock had previously closed at $419.74.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. UBS Group decreased their target price on Gartner from $565.00 to $500.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. Barclays dropped their price target on Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday. Robert W. Baird decreased their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $525.38.

Gartner Trading Down 5.4 %

The company's 50 day simple moving average is $482.71 and its two-hundred day simple moving average is $502.15. The company has a market capitalization of $29.43 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81.

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Gartner (NYSE:IT - Get Free Report) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for 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 quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.04 EPS. As a group, research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Transactions at Gartner

In other news, 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 value of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IT. Cary Street Partners Financial LLC acquired a new position in shares of Gartner during the fourth quarter valued at approximately $27,000. Kestra Investment Management LLC purchased a new position in shares of Gartner during the 4th quarter worth $29,000. Itau Unibanco Holding S.A. boosted its position in shares of 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 acquiring an additional 68 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner in the fourth quarter valued at about $49,000. Finally, Promus Capital LLC acquired a new stake in Gartner during the fourth quarter worth about $57,000. 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.