Alwyn Dawkins Sells 600 Shares of Gartner, Inc. (NYSE:IT) Stock

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

Gartner Trading Down 1.4 %

IT traded down $6.24 during trading on Thursday, hitting $445.69. The company’s stock had a trading volume of 337,171 shares, compared to its average volume of 401,474. The firm’s 50 day moving average price is $456.15 and its 200-day moving average price is $450.13. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $34.60 billion, a PE ratio of 44.94, a PEG ratio of 3.93 and a beta of 1.32. Gartner, Inc. has a twelve month low of $323.61 and a twelve month high of $486.54.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a return on equity of 141.55% and a net margin of 13.35%. Gartner’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 EPS. On average, analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current year.

Analyst Ratings Changes

IT has been the topic of several research analyst reports. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. UBS Group decreased their price target on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Robert W. Baird cut their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets cut their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $474.50.

Institutional Trading of Gartner

A number of institutional investors and hedge funds have recently made changes to their positions in IT. Nomura Asset Management Co. Ltd. boosted its position in Gartner by 16.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 47,672 shares of the information technology services provider’s stock worth $16,381,000 after purchasing an additional 6,838 shares during the period. Corient Private Wealth LLC boosted its position in Gartner by 18.2% in the 3rd quarter. Corient Private Wealth LLC now owns 42,222 shares of the information technology services provider’s stock valued at $14,509,000 after buying an additional 6,488 shares during the last quarter. Signaturefd LLC boosted its position in Gartner by 8.4% in the 3rd quarter. Signaturefd LLC now owns 1,166 shares of the information technology services provider’s stock valued at $401,000 after buying an additional 90 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Gartner by 55.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 163 shares of the information technology services provider’s stock valued at $56,000 after buying an additional 58 shares during the last quarter. Finally, Syon Capital LLC purchased a new position in Gartner in the 3rd quarter valued at about $302,000. 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.