Gartner (NYSE:IT) Reaches New 1-Year High at $517.48

Gartner, Inc. (NYSE:IT - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $517.48 and last traded at $514.76, with a volume of 4304 shares. The stock had previously closed at $506.49.

Analyst Ratings Changes

IT has been the topic of several recent analyst reports. Robert W. Baird raised their price target on shares of Gartner from $517.00 to $565.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price target on shares of Gartner from $450.00 to $510.00 and gave the company a "market perform" rating in a research note on Wednesday, July 31st. UBS Group increased their price objective on Gartner from $510.00 to $580.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Morgan Stanley raised their price objective on Gartner from $440.00 to $470.00 and gave the stock an "equal weight" rating in a report on Thursday, July 11th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $521.00.

Gartner Trading Up 1.4 %

The company's fifty day simple moving average is $480.57 and its 200-day simple moving average is $461.49. The firm has a market capitalization of $39.86 billion, a PE ratio of 50.40, a P/E/G ratio of 3.89 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90.

Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the company earned $2.85 EPS. Gartner's revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts expect that Gartner, Inc. will post 11.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Eugene A. Hall sold 34,060 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the sale, the chief executive officer now directly owns 1,143,401 shares in the company, valued at approximately $577,874,865.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Gartner news, Director Anne Sutherland Fuchs sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $505.28, for a total value of $252,640.00. Following the sale, the director now owns 8,059 shares of the company's stock, valued at approximately $4,072,051.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eugene A. Hall sold 34,060 shares of Gartner stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $505.40, for a total transaction of $17,213,924.00. Following the completion of the transaction, the chief executive officer now owns 1,143,401 shares of the company's stock, valued at approximately $577,874,865.40. The disclosure for this sale can be found here. Insiders sold a total of 65,164 shares of company stock valued at $32,601,014 over the last quarter. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Gartner

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Gartner in the 2nd quarter valued at $3,344,000. New Century Financial Group LLC acquired a new position in shares of Gartner during the 2nd quarter worth $260,000. Cetera Investment Advisers increased its holdings in Gartner by 1.1% in the second quarter. Cetera Investment Advisers now owns 21,679 shares of the information technology services provider's stock valued at $9,735,000 after buying an additional 226 shares in the last quarter. Wallace Advisory Group LLC increased its stake in Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider's stock valued at $440,000 after purchasing an additional 23 shares in the last quarter. Finally, Copperwynd Financial LLC increased its position in shares of Gartner by 20.4% in the second quarter. Copperwynd Financial LLC now owns 1,773 shares of the information technology services provider's stock valued at $796,000 after buying an additional 301 shares in the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.