Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Gartner (NYSE:IT) Stock

Gartner (NYSE:IT) had its price target boosted by research analysts at Deutsche Bank Aktiengesellschaft from $529.00 to $531.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 3.25% from the stock’s previous close.

Other analysts also recently issued reports about the stock. UBS Group increased their price target on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Bank of America boosted their price target on Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Company upped their price target on Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a report on Monday, October 14th. Finally, BMO Capital Markets lifted their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $539.25.

Gartner Stock Up 1.5 %

NYSE IT traded up $8.06 during trading on Wednesday, reaching $548.81. The company’s stock had a trading volume of 85,740 shares, compared to its average volume of 367,010. 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 stock has a market capitalization of $42.29 billion, a PE ratio of 51.81, a PEG ratio of 3.14 and a beta of 1.32. Gartner has a 1-year low of $397.43 and a 1-year high of $548.81. The business has a 50-day moving average price of $511.54 and a 200-day moving average price of $473.53.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $2.56 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that Gartner will post 11.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gartner news, EVP Claire Herkes sold 478 shares of Gartner stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the completion of the transaction, the executive vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total value of $194,000.00. Following the completion of the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares in the company, valued at approximately $963,949.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,899 shares of company stock worth $24,959,886 in the last 90 days. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Gartner

A number of large investors have recently modified their holdings of IT. Vanguard Group Inc. lifted its holdings in Gartner by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,974,760 shares of the information technology services provider’s stock worth $4,277,999,000 after buying an additional 60,786 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock valued at $1,014,099,000 after acquiring an additional 103,814 shares during the period. Bessemer Group Inc. boosted its holdings in 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 acquiring an additional 7,852 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in Gartner in the second quarter worth about $266,541,000. Finally, Dimensional Fund Advisors LP raised its holdings in Gartner by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 585,026 shares of the information technology services provider’s stock worth $262,706,000 after purchasing an additional 56,908 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.