Gartner (NYSE:IT) Stock Rating Lowered by StockNews.com

Gartner (NYSE:ITGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other equities analysts have also issued reports on the stock. UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. BMO Capital Markets cut their target price on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. Robert W. Baird cut their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $474.50.

View Our Latest Stock Report on Gartner

Gartner Stock Performance

Shares of Gartner stock opened at $452.13 on Friday. Gartner has a 52 week low of $323.61 and a 52 week high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $35.10 billion, a P/E ratio of 44.99, a PEG ratio of 3.94 and a beta of 1.32. The company has a 50 day moving average price of $439.48 and a 200 day moving average price of $452.30.

Gartner (NYSE:ITGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm posted $2.88 EPS. Gartner’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts expect that Gartner will post 11.55 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Gartner news, EVP Yvonne Genovese sold 439 shares of Gartner stock in a transaction on Monday, May 20th. The shares were sold at an average price of $456.13, for a total transaction of $200,241.07. Following the sale, the executive vice president now owns 1,959 shares of the company’s stock, valued at approximately $893,558.67. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $439.29, for a total transaction of $4,392,900.00. Following the sale, the director now directly owns 599,074 shares in the company, valued at approximately $263,167,217.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in Gartner in the 4th quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in Gartner in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in Gartner in the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC raised its holdings in Gartner by 254.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 61 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its holdings in Gartner by 357.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Gartner (NYSE:IT)

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