Gartner, Inc. (NYSE:IT) EVP Claire Herkes Sells 411 Shares

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 411 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total value of $214,229.64. Following the completion of the transaction, the executive vice president now directly owns 1,494 shares in the company, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Claire Herkes also recently made the following trade(s):

• On Friday, September 13th, Claire Herkes sold 478 shares of Gartner stock. The stock was sold at an average price of $506.01, for a total value of $241,872.78.

Gartner Stock Down 0.3 %

NYSE:IT opened at $515.56 on Wednesday. The company has a market cap of $39.77 billion, a PE ratio of 38.02, a PEG ratio of 3.23 and a beta of 1.31. The stock has a 50-day simple moving average of $521.12 and a 200 day simple moving average of $485.23. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $559.00.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. On average, sell-side analysts expect that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Gartner

Several hedge funds have recently modified their holdings of the stock. Sustainable Growth Advisers LP acquired a new stake in Gartner in the second quarter valued at $266,541,000. Principal Financial Group Inc. lifted its stake in Gartner by 22.0% in 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 purchasing an additional 341,911 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Gartner during the third quarter worth about $70,955,000. Natixis Advisors LLC increased its position in Gartner by 117.4% during the second quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after buying an additional 108,061 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gartner in the third quarter valued at approximately $36,789,000. Institutional investors own 91.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IT. Deutsche Bank Aktiengesellschaft increased their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company increased their price target on Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $539.25.

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.