Alwyn Dawkins Sells 800 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) EVP Alwyn Dawkins sold 800 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $454.57, for a total transaction of $363,656.00. Following the completion of the sale, the executive vice president now owns 50,783 shares in the company, valued at approximately $23,084,428.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alwyn Dawkins also recently made the following trade(s):

• On Thursday, May 16th, Alwyn Dawkins sold 600 shares of Gartner stock. The shares were sold at an average price of $447.63, for a total transaction of $268,578.00.

Gartner Trading Down 1.5 %

Shares of NYSE IT traded down $6.51 during trading on Friday, hitting $439.18. 362,135 shares of the company were exchanged, compared to its average volume of 401,084. The company has a fifty day moving average price of $455.68 and a 200-day moving average price of $450.10. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $34.09 billion, a PE ratio of 44.35, a P/E/G ratio of 3.96 and a beta of 1.32. Gartner, Inc. has a 12-month low of $323.61 and a 12-month high of $486.54.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on IT shares. Morgan Stanley raised their price target on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. BMO Capital Markets dropped their price objective on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Finally, UBS Group cut their price objective on shares of Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BKM Wealth Management LLC acquired a new stake in Gartner in the fourth quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in shares of Gartner in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Gartner during the fourth quarter worth $27,000. VisionPoint Advisory Group LLC lifted its holdings in Gartner by 254.2% in the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the period. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Gartner by 357.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 68 shares during the period. 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.