Scott Hensel Sells 5,580 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP Scott Hensel sold 5,580 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the sale, the executive vice president now directly owns 19,724 shares of the company’s stock, valued at approximately $9,664,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gartner Trading Down 0.6 %

IT stock opened at $483.86 on Friday. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $509.15. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $37.56 billion, a price-to-earnings ratio of 48.15, a PEG ratio of 3.83 and a beta of 1.33. The business has a 50 day simple moving average of $470.86 and a two-hundred day simple moving average of $458.69.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company posted $2.85 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Ratings Changes

IT has been the subject of several research reports. Robert W. Baird upped 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, July 31st. Bank of America upped their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upgraded Gartner to a “strong sell” rating in a research note on Tuesday, August 13th. Morgan Stanley boosted their price objective on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $521.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IT. Frazier Financial Advisors LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $27,000. DSM Capital Partners LLC purchased a new stake in shares of Gartner during the 4th quarter worth approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Gartner during the 1st quarter worth approximately $36,000. Crewe Advisors LLC raised its holdings in shares of Gartner by 223.3% during the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after acquiring an additional 67 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Gartner during the 4th quarter worth approximately $67,000. 91.51% of the stock is currently owned by institutional investors.

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.