Insider Selling: Gartner, Inc. (NYSE:IT) EVP Sells 189 Shares of Stock

Gartner, Inc. (NYSE:IT) EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now directly owns 7,311 shares in the company, valued at $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gartner Price Performance

Shares of NYSE:IT traded down $1.82 during trading on Tuesday, reaching $512.62. The company had a trading volume of 393,722 shares, compared to its average volume of 374,876. Gartner, Inc. has a twelve month low of $411.15 and a twelve month high of $559.00. The firm has a market capitalization of $39.54 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 3.23 and a beta of 1.31. The firm’s fifty day moving average is $521.67 and its 200 day moving average is $487.12. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT) last released its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $2.56 earnings per share. Gartner’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Gartner, Inc. will post 11.89 EPS for the current year.

Institutional Investors Weigh In On Gartner

Several large investors have recently modified their holdings of IT. Sustainable Growth Advisers LP purchased a new stake in Gartner in the 2nd quarter worth about $266,541,000. Principal Financial Group Inc. raised its stake in shares of Gartner by 22.0% in the 2nd quarter. Principal Financial Group Inc. now owns 1,897,328 shares of the information technology services provider’s stock valued at $852,014,000 after acquiring an additional 341,911 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Gartner in the third quarter worth $70,955,000. Natixis Advisors LLC lifted its position in Gartner by 117.4% during the 2nd quarter. Natixis Advisors LLC now owns 200,097 shares of the information technology services provider’s stock worth $89,856,000 after acquiring an additional 108,061 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Gartner during the 3rd quarter valued at approximately $36,789,000. 91.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their target price on Gartner from $490.00 to $528.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Barclays boosted their price objective on shares of Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus price target of $539.25.

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.