Gartner, Inc. (NYSE:IT) SVP Sells $47,745.90 in Stock

Gartner, Inc. (NYSE:IT - Get Free Report) SVP John J. Rinello sold 90 shares of Gartner stock in a transaction that occurred 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gartner Price Performance

IT traded down $1.83 during trading on Friday, reaching $515.34. 353,808 shares of the stock were exchanged, compared to its average volume of 480,360. The business's 50 day moving average price is $510.09 and its two-hundred day moving average price is $508.44. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 3.50 and a beta of 1.34. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a return on equity of 136.32% and a net margin of 20.00%. Gartner's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share. As a group, equities research analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current year.

Hedge Funds Weigh In On Gartner

A number of institutional investors have recently made changes to their positions in the stock. Wahed Invest LLC raised its holdings in shares of Gartner by 4.9% in the fourth quarter. Wahed Invest LLC now owns 1,918 shares of the information technology services provider's stock worth $929,000 after acquiring an additional 89 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Gartner by 2.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,454 shares of the information technology services provider's stock worth $2,158,000 after acquiring an additional 124 shares during the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Gartner by 453.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after acquiring an additional 68 shares during the last quarter. Keel Point LLC raised its holdings in shares of Gartner by 5.5% in the fourth quarter. Keel Point LLC now owns 514 shares of the information technology services provider's stock worth $249,000 after acquiring an additional 27 shares during the last quarter. Finally, Voleon Capital Management LP acquired a new position in shares of Gartner in the fourth quarter worth $11,000,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $525.00 to $600.00 in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research note on Friday, January 10th. Morgan Stanley decreased 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, January 16th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $552.63.

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.