Gartner Inc (NYSE:IT) EVP Alwyn Dawkins sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $122.82, for a total value of $245,640.00. Following the sale, the executive vice president now directly owns 32,133 shares in the company, valued at $3,946,575.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Gartner Inc (NYSE IT) opened at $124.02 on Friday. The stock has a market capitalization of $11,265.11, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.95. Gartner Inc has a 1 year low of $107.00 and a 1 year high of $142.16.
Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Gartner had a return on equity of 42.47% and a net margin of 0.10%. The business’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. equities analysts forecast that Gartner Inc will post 3.92 EPS for the current fiscal year.
Several analysts recently commented on IT shares. Morgan Stanley raised their target price on Gartner from $120.00 to $131.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 target price on shares of Gartner in a report on Tuesday, February 6th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $136.00 target price on shares of Gartner in a report on Tuesday, January 30th. TheStreet raised Gartner from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Zacks Investment Research lowered Gartner from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Gartner has a consensus rating of “Buy” and a consensus price target of $138.90.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Gartner by 2.6% during the fourth quarter. BlackRock Inc. now owns 6,750,760 shares of the information technology services provider’s stock worth $831,356,000 after purchasing an additional 169,981 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Gartner by 5.5% in the third quarter. Janus Henderson Group PLC now owns 4,514,836 shares of the information technology services provider’s stock valued at $561,691,000 after acquiring an additional 236,241 shares in the last quarter. Polen Capital Management LLC lifted its position in shares of Gartner by 1.5% in the fourth quarter. Polen Capital Management LLC now owns 4,132,209 shares of the information technology services provider’s stock valued at $508,882,000 after acquiring an additional 60,017 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Gartner by 5.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,352,550 shares of the information technology services provider’s stock valued at $289,717,000 after acquiring an additional 121,350 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C lifted its position in shares of Gartner by 18.2% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,202,047 shares of the information technology services provider’s stock valued at $271,182,000 after acquiring an additional 339,426 shares in the last quarter. Institutional investors own 96.78% of the company’s stock.
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Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.
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