Alwyn Dawkins Sells 1,000 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP Alwyn Dawkins sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.49, for a total transaction of $505,490.00. Following the transaction, the executive vice president now owns 56,650 shares in the company, valued at approximately $28,636,008.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, May 22nd, Alwyn Dawkins sold 800 shares of Gartner stock. The shares were sold at an average price of $454.57, for a total transaction of $363,656.00.
• On Thursday, May 16th, Alwyn Dawkins sold 600 shares of Gartner stock. The shares were sold at an average price of $447.63, for a total value of $268,578.00.

Gartner Trading Down 2.8 %

Shares of Gartner stock traded down $13.98 during mid-day trading on Friday, hitting $479.29. The stock had a trading volume of 366,114 shares, compared to its average volume of 408,641. The firm has a market cap of $37.21 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 4.32 and a beta of 1.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The firm has a 50-day moving average of $449.11 and a two-hundred day moving average of $454.97. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $509.15.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 141.59% and a net margin of 13.67%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.85 EPS. Sell-side analysts forecast that Gartner, Inc. will post 11.67 earnings per share for the current year.

Institutional Trading of Gartner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IT. RFG Advisory LLC boosted its position in shares of Gartner by 37.2% during the fourth quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after buying an additional 431 shares during the period. TCW Group Inc. grew its position in 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 acquiring an additional 7,639 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Gartner by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock worth $11,987,000 after purchasing an additional 2,560 shares during the period. Icon Wealth Advisors LLC purchased a new position in shares of Gartner in the fourth quarter valued at approximately $2,093,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $208,328,000 after purchasing an additional 10,828 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

IT has been the topic of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research note on Tuesday, April 16th. They set a “hold” rating and a $507.00 price target on the stock. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Robert W. Baird raised their price target on shares of Gartner from $517.00 to $565.00 and gave the company an “outperform” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Gartner has a consensus rating of “Moderate Buy” and a consensus price target of $521.00.

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.