Gartner (NYSE:IT) Stock Rating Lowered by StockNews.com

Gartner (NYSE:IT - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also recently weighed in on IT. Morgan Stanley increased their target price on Gartner from $560.00 to $564.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. 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. Deutsche Bank Aktiengesellschaft boosted their target price on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $551.88.

Gartner Stock Up 1.4 %

Shares of NYSE:IT traded up $6.67 during mid-day trading on Tuesday, hitting $499.80. 416,643 shares of the company traded hands, compared to its average volume of 414,480. The stock has a 50-day moving average price of $509.51 and a two-hundred day moving average price of $496.96. Gartner has a 12-month low of $411.15 and a 12-month high of $559.00. The stock has a market cap of $38.55 billion, a P/E ratio of 36.86, a P/E/G ratio of 3.18 and a beta of 1.33. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

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

Insider Activity at Gartner

In other Gartner news, Director James C. Smith sold 2,450 shares of the 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 completion of the sale, the director now directly owns 529,844 shares of the company's stock, valued at $293,893,869.92. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Claire Herkes sold 411 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company's stock, valued at approximately $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,583 shares of company stock worth $19,241,974. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds have recently bought and sold shares of the business. Eastern Bank purchased a new position in shares of Gartner in the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Gartner during the third quarter worth $44,000. True Wealth Design LLC boosted its stake in Gartner by 2,350.0% during the third quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock worth $50,000 after buying an additional 94 shares during the period. Fortitude Family Office LLC increased its position in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider's stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Finally, Asset Dedication LLC raised its stake in shares of Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider's stock valued at $75,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors 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.

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