Gartner, Inc. (NYSE:IT) Short Interest Update

Gartner, Inc. (NYSE:IT) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,120,000 shares, a drop of 12.5% from the July 15th total of 1,280,000 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 402,800 shares, the short-interest ratio is currently 2.8 days.

Insiders Place Their Bets

In other Gartner news, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now directly owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Alwyn Dawkins sold 800 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $454.57, for a total transaction of $363,656.00. Following the completion of the transaction, the executive vice president now directly owns 50,783 shares of the company’s stock, valued at $23,084,428.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $504.84, for a total transaction of $6,099,476.88. Following the completion of the sale, the chief executive officer now owns 1,143,389 shares of the company’s stock, valued at approximately $577,228,502.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,480 shares of company stock valued at $15,945,448. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IT. MCF Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $27,000. DSM Capital Partners LLC acquired a new position in shares of Gartner during the fourth quarter worth $32,000. Central Pacific Bank Trust Division acquired a new position in shares of Gartner during the first quarter worth $36,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Gartner by 36.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 25 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research report on Tuesday, August 13th. Robert W. Baird boosted their price objective on shares of Gartner from $517.00 to $565.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted their target price on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Bank of America raised 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $521.00.

Gartner Trading Up 0.5 %

NYSE IT traded up $2.30 during trading hours on Monday, hitting $485.00. 296,128 shares of the company’s stock were exchanged, compared to its average volume of 402,036. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.91 and a current ratio of 0.90. The firm has a market capitalization of $37.65 billion, a P/E ratio of 48.09, a price-to-earnings-growth ratio of 3.80 and a beta of 1.33. The business’s 50 day moving average is $459.28 and its 200-day moving average is $456.05. Gartner has a 12-month low of $323.61 and a 12-month high of $509.15.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.58 billion. During the same period last year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Gartner will post 11.58 EPS for the current fiscal year.

Gartner Company Profile

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.