Gartner (NYSE:IT) Price Target Raised to $528.00 at Morgan Stanley

Gartner (NYSE:IT) had its price objective lifted by Morgan Stanley from $490.00 to $528.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the information technology services provider’s stock.

Other research analysts have also issued reports about the company. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of Gartner to a strong sell rating in a report on Tuesday, August 13th. UBS Group boosted their price objective on shares of Gartner from $510.00 to $580.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. BMO Capital Markets increased their target price on shares of Gartner from $450.00 to $510.00 and gave the company a market perform rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird lifted their price target on shares of Gartner from $517.00 to $565.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $529.29.

Gartner Stock Up 0.7 %

Shares of IT traded up $3.56 during midday trading on Thursday, reaching $522.28. 27,012 shares of the stock were exchanged, compared to its average volume of 375,894. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.80. The company’s 50 day moving average is $494.50 and its two-hundred day moving average is $465.97. The company has a market capitalization of $40.25 billion, a P/E ratio of 49.40, a PEG ratio of 3.23 and a beta of 1.32. Gartner has a 52 week low of $323.61 and a 52 week high of $522.28.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.20. Gartner had a net margin of 13.67% and a return on equity of 142.05%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $2.85 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that Gartner will post 11.65 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $465.55, for a total value of $783,520.65. Following the completion of the transaction, the director now owns 19,825 shares in the company, valued at $9,229,528.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, EVP Akhil Jain sold 400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction of $194,000.00. Following the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen E. Dykstra sold 1,683 shares of Gartner stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $465.55, for a total transaction of $783,520.65. Following the completion of the sale, the director now owns 19,825 shares in the company, valued at approximately $9,229,528.75. This trade represents a 0.00 % decrease in their position. 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 90 days. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several institutional investors have recently bought and sold shares of IT. Vanguard Group Inc. increased its position in shares of Gartner by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after purchasing an additional 60,786 shares in the last quarter. Principal Financial Group Inc. grew its stake in Gartner by 22.0% during the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Gartner by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after purchasing an additional 198,274 shares during the last quarter. Findlay Park Partners LLP grew its position in shares of Gartner by 5.7% in the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Gartner by 1.3% in the first quarter. Bessemer Group Inc. now owns 609,945 shares of the information technology services provider’s stock valued at $290,742,000 after purchasing an additional 7,852 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.