Gartner (NYSE:IT) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner (NYSE:IT) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a hold rating and a $507.00 price objective on the information technology services provider’s stock.

Several other research analysts also recently issued reports on IT. UBS Group upgraded shares of Gartner from a neutral rating to a buy rating and upped their price target for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. StockNews.com downgraded shares of Gartner from a buy rating to a hold rating in a report on Saturday, February 10th. Morgan Stanley boosted their price objective on shares of Gartner from $421.00 to $446.00 and gave the stock an equal weight rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets boosted their price objective on shares of Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $477.60.

Gartner Stock Up 0.1 %

Shares of IT opened at $449.61 on Tuesday. The firm has a 50 day simple moving average of $465.53 and a two-hundred day simple moving average of $433.82. The company has a market cap of $35.06 billion, a P/E ratio of 40.65, a P/E/G ratio of 4.18 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. Gartner has a one year low of $292.60 and a one year high of $486.54.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $3.70 earnings per share. Research analysts forecast that Gartner will post 11.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Akhil Jain sold 250 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total value of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at $2,433,777.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Gartner news, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at $2,433,777.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total transaction of $256,127.20. Following the sale, the executive vice president now directly owns 2,398 shares in the company, valued at approximately $1,096,773.26. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock valued at $10,598,070 over the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Trading of Gartner

A number of institutional investors have recently bought and sold shares of IT. US Bancorp DE boosted its position in shares of Gartner by 6.0% during the 1st quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock worth $762,000 after purchasing an additional 144 shares in the last quarter. Aviva PLC boosted its position in shares of Gartner by 53.3% during the 1st quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock worth $12,502,000 after purchasing an additional 14,618 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Gartner by 9.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock worth $8,044,000 after purchasing an additional 2,347 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Gartner by 25.2% during the 1st quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after purchasing an additional 19,892 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Gartner by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock worth $2,736,085,000 after purchasing an additional 102,709 shares in the last quarter. Institutional investors own 91.51% of the company’s stock.

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.