Gartner (NYSE:IT) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Gartner (NYSE:IT) had its target price increased by Deutsche Bank Aktiengesellschaft from $529.00 to $531.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the information technology services provider’s stock.

A number of other research firms also recently commented on IT. Barclays increased their target price on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company increased their target price on shares of Gartner from $435.00 to $460.00 and gave the company an “underweight” rating in a research report on Monday, October 14th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. BMO Capital Markets raised their price objective 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 objective on shares of Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $539.25.

Gartner Price Performance

Shares of IT opened at $547.40 on Wednesday. Gartner has a fifty-two week low of $397.43 and a fifty-two week high of $552.33. The firm’s 50 day moving average price is $512.66 and its 200 day moving average price is $474.42. The company has a market cap of $42.18 billion, a P/E ratio of 40.37, a PEG ratio of 3.27 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $2.56 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that Gartner will post 11.88 earnings per share for the current fiscal year.

Insider Activity at Gartner

In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction 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 $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Akhil Jain sold 400 shares of Gartner stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total transaction 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 $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig Safian sold 6,310 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $483.57, for a total transaction of $3,051,326.70. Following the completion of the sale, the chief financial officer now owns 71,544 shares of the company’s stock, valued at approximately $34,596,532.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,899 shares of company stock worth $30,317,486 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Gartner

Several institutional investors have recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new position in shares of Gartner during the third quarter worth $422,000. Citizens Financial Group Inc. RI lifted its position in shares of Gartner by 20.2% during the third quarter. Citizens Financial Group Inc. RI now owns 947 shares of the information technology services provider’s stock worth $480,000 after purchasing an additional 159 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Gartner by 15.5% during the third quarter. Jennison Associates LLC now owns 105,769 shares of the information technology services provider’s stock worth $53,599,000 after purchasing an additional 14,167 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Gartner during the third quarter worth $36,789,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Gartner during the third quarter worth $224,000. 91.51% of the stock is currently owned by hedge funds and other 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.