Gartner (NYSE:IT) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner (NYSE:IT) in a research note issued on Tuesday, Briefing.com reports. The firm set a “hold” rating and a $507.00 price target on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 9.34% from the company’s current price.

IT has been the topic of a number of other research reports. UBS Group raised shares of Gartner from a “neutral” rating to a “buy” rating and upped their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. BMO Capital Markets boosted their price target on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research note on Saturday, February 10th. Finally, Morgan Stanley boosted their price target on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $477.60.

Gartner Stock Performance

Gartner stock opened at $463.68 on Tuesday. The firm’s 50 day simple moving average is $465.74 and its 200 day simple moving average is $432.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60. The firm has a market capitalization of $36.15 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 4.25 and a beta of 1.29. Gartner has a 1-year low of $292.60 and a 1-year high of $486.54.

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

Insider Activity

In other Gartner news, EVP Akhil Jain sold 250 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Gartner news, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total value of $256,127.20. Following the completion of the transaction, the executive vice president now directly owns 2,398 shares in the company, valued at approximately $1,096,773.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akhil Jain sold 250 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now owns 5,239 shares of the company’s stock, valued at $2,433,777.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,952 shares of company stock valued at $10,598,070. Corporate insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in shares of Gartner in the 3rd quarter worth about $230,000. RFG Advisory LLC increased its stake in shares of Gartner by 37.2% in the 4th quarter. RFG Advisory LLC now owns 1,589 shares of the information technology services provider’s stock worth $717,000 after acquiring an additional 431 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Gartner by 169.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,708 shares of the information technology services provider’s stock worth $17,010,000 after acquiring an additional 23,701 shares in the last quarter. Chapin Davis Inc. bought a new position in shares of Gartner in the 4th quarter worth about $960,000. Finally, Stifel Financial Corp increased its stake in shares of Gartner by 32.6% in the 3rd quarter. Stifel Financial Corp now owns 33,817 shares of the information technology services provider’s stock worth $11,620,000 after acquiring an additional 8,319 shares in the last quarter. 91.51% of the stock is currently owned by 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.