Insider Selling: Gartner, Inc. (NYSE:IT) EVP Sells 411 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 411 shares of Gartner stock in a transaction dated Wednesday, November 27th. The stock was 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 owns 1,494 shares in the company, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

Gartner Price Performance

Shares of IT traded down $0.67 on Monday, hitting $517.26. The company’s stock had a trading volume of 410,293 shares, compared to its average volume of 373,262. The company has a market capitalization of $39.90 billion, a PE ratio of 38.20, a PEG ratio of 3.24 and a beta of 1.32. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00. The company has a 50 day moving average price of $521.01 and a 200 day moving average price of $484.28.

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

Wall Street Analysts Forecast Growth

IT has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price objective on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price objective on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $539.25.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Eastern Bank bought a new stake in shares of Gartner during the 3rd quarter valued at $26,000. Crewe Advisors LLC raised its position 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 valued at $44,000 after acquiring an additional 67 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Gartner during the 3rd quarter valued at $44,000. True Wealth Design LLC raised its position in shares of Gartner by 2,350.0% during the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider’s stock valued at $50,000 after acquiring an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in shares of Gartner by 23.8% during the 3rd quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock valued at $53,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.