Gartner, Inc. (NYSE:IT) CFO Craig Safian Sells 6,310 Shares

Gartner, Inc. (NYSE:IT) CFO Craig Safian sold 6,310 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the transaction, the chief financial officer now directly owns 71,544 shares of the company’s stock, valued at $34,596,532.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Gartner Stock Performance

Shares of Gartner stock traded up $2.30 during trading on Monday, reaching $485.00. The company’s stock had a trading volume of 297,292 shares, compared to its average volume of 402,036. The business’s 50-day moving average price is $459.28 and its 200-day moving average price is $456.05. The firm has a market cap of $37.65 billion, a PE ratio of 48.09, a P/E/G ratio of 3.80 and a beta of 1.33. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $509.15. The company has a quick ratio of 0.91, a current ratio of 0.90 and a debt-to-equity ratio of 3.80.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 earnings per share. Equities analysts forecast that Gartner, Inc. will post 11.58 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on IT. BMO Capital Markets boosted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company upgraded shares of Gartner to a “strong sell” rating in a report on Tuesday, August 13th. Morgan Stanley boosted their target price on shares of Gartner from $440.00 to $470.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Robert W. Baird upped their price objective on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Gartner currently has a consensus rating of “Hold” and a consensus target price of $521.00.

Institutional Investors Weigh In On Gartner

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC lifted its position in Gartner by 0.5% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock worth $2,210,000 after purchasing an additional 22 shares during the period. Moors & Cabot Inc. lifted its position in Gartner by 3.0% during the second quarter. Moors & Cabot Inc. now owns 763 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 22 shares during the period. TIAA Trust National Association lifted its position in Gartner by 3.2% during the first quarter. TIAA Trust National Association now owns 744 shares of the information technology services provider’s stock worth $355,000 after purchasing an additional 23 shares during the period. Mather Group LLC. lifted its position in Gartner by 2.2% during the second quarter. Mather Group LLC. now owns 1,079 shares of the information technology services provider’s stock worth $514,000 after purchasing an additional 23 shares during the period. Finally, Wallace Advisory Group LLC lifted its position in Gartner by 2.4% during the second quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 23 shares during the period. 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.