Gartner, Inc. (NYSE:IT – Get Free Report) EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $506.01, for a total transaction of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares in the company, valued at approximately $963,949.05. The sale was disclosed in a filing with the SEC, which is available at this link.
Gartner Stock Down 0.2 %
Shares of IT opened at $506.49 on Thursday. The stock’s 50-day moving average price is $480.57 and its 200-day moving average price is $461.49. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $39.32 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 3.89 and a beta of 1.32. Gartner, Inc. has a 52 week low of $323.61 and a 52 week high of $515.09.
Gartner (NYSE:IT – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $3.02 by $0.20. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. On average, sell-side analysts predict that Gartner, Inc. will post 11.59 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on IT
Institutional Trading of Gartner
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Gartner during the second quarter worth approximately $3,344,000. New Century Financial Group LLC purchased a new position in shares of Gartner during the 2nd quarter valued at approximately $260,000. Cetera Investment Advisers lifted its position in shares of Gartner by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,679 shares of the information technology services provider’s stock valued at $9,735,000 after buying an additional 226 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in Gartner by 2.4% in the 2nd quarter. Wallace Advisory Group LLC now owns 980 shares of the information technology services provider’s stock worth $440,000 after acquiring an additional 23 shares in the last quarter. Finally, Copperwynd Financial LLC increased its holdings in Gartner by 20.4% in the 2nd quarter. Copperwynd Financial LLC now owns 1,773 shares of the information technology services provider’s stock worth $796,000 after acquiring an additional 301 shares in the last quarter. 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.
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