Gartner, Inc. (NYSE:IT) EVP Sells $268,578.00 in Stock

Gartner, Inc. (NYSE:IT) EVP Alwyn Dawkins sold 600 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00. Following the transaction, the executive vice president now owns 51,583 shares of the company’s stock, valued at approximately $23,090,098.29. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alwyn Dawkins also recently made the following trade(s):

• On Wednesday, May 22nd, Alwyn Dawkins sold 800 shares of Gartner stock. The stock was sold at an average price of $454.57, for a total transaction of $363,656.00.

Gartner Stock Down 1.5 %

Gartner stock opened at $439.04 on Friday. The firm’s 50 day moving average price is $455.05 and its two-hundred day moving average price is $450.42. The firm has a market cap of $34.08 billion, a PE ratio of 43.69, a P/E/G ratio of 3.90 and a beta of 1.32. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $2.88 earnings per share. Gartner’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts predict that Gartner, Inc. will post 11.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on IT shares. Morgan Stanley raised their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Robert W. Baird decreased their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. UBS Group cut their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Saturday, May 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Gartner has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Institutional Investors Weigh In On Gartner

Several institutional investors have recently made changes to their positions in IT. Fox Run Management L.L.C. bought a new position in Gartner during the third quarter valued at approximately $230,000. RFG Advisory LLC increased its stake in shares of Gartner by 37.2% during the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after purchasing an additional 431 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Gartner by 169.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock valued at $17,010,000 after purchasing an additional 23,701 shares in the last quarter. TCW Group Inc. lifted its stake in shares of Gartner by 4.0% in the 4th quarter. TCW Group Inc. now owns 199,062 shares of the information technology services provider’s stock valued at $89,800,000 after purchasing an additional 7,639 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Gartner by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 461,813 shares of the information technology services provider’s stock worth $208,328,000 after purchasing an additional 10,828 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.