Gartner (NYSE:IT) Earns Hold Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner (NYSE:IT) in a report released on Tuesday morning, MarketBeat.com reports. The firm issued a hold rating and a $507.00 price target on the information technology services provider’s stock.

Other research analysts also recently issued reports about the company. StockNews.com downgraded Gartner from a buy rating to a hold rating in a report on Saturday, February 10th. BMO Capital Markets boosted their target price on Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a report on Thursday, February 8th. Morgan Stanley upped their price objective on Gartner from $421.00 to $446.00 and gave the stock an equal weight rating in a report on Tuesday, February 6th. Finally, UBS Group raised Gartner from a neutral rating to a buy rating and upped their price objective for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $477.60.

Gartner Stock Up 0.1 %

Shares of IT opened at $449.61 on Tuesday. The company has a market capitalization of $35.06 billion, a P/E ratio of 40.65, a PEG ratio of 4.18 and a beta of 1.29. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. Gartner has a one year low of $292.60 and a one year high of $486.54. The business’s 50 day simple moving average is $465.53 and its 200-day simple moving average is $433.82.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of $2.83 by $0.21. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. Gartner’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.70 EPS. As a group, sell-side analysts predict that Gartner will post 11.36 EPS for the current fiscal year.

Insider Transactions at Gartner

In other news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Claire Herkes sold 1,460 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares in the company, valued at approximately $1,352,109.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares in the company, valued at $2,433,777.45. The disclosure for this sale can be found here. Insiders have sold 22,952 shares of company stock worth $10,598,070 in the last three months. Insiders own 3.90% of the company’s stock.

Institutional Trading of Gartner

Several hedge funds have recently added to or reduced their stakes in IT. OFI Invest Asset Management acquired a new stake in Gartner during the 3rd quarter worth $25,000. BKM Wealth Management LLC acquired a new stake in Gartner during the 4th quarter worth $26,000. MCF Advisors LLC acquired a new stake in Gartner during the 4th quarter worth $27,000. Frazier Financial Advisors LLC acquired a new stake in Gartner during the 4th quarter worth $27,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Gartner during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.