Insider Selling: Gartner Inc (IT) CFO Sells $511,226.40 in Stock

Gartner Inc (NYSE:IT) CFO Craig Safian sold 3,635 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $140.64, for a total value of $511,226.40. Following the sale, the chief financial officer now owns 33,008 shares of the company’s stock, valued at approximately $4,642,245.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Gartner stock opened at $144.13 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. Gartner Inc has a 12 month low of $114.40 and a 12 month high of $161.21. The firm has a market cap of $13.00 billion, a P/E ratio of 38.03, a P/E/G ratio of 2.51 and a beta of 1.31.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 5th. The information technology services provider reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.05). Gartner had a return on equity of 37.74% and a net margin of 3.08%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts anticipate that Gartner Inc will post 3.97 earnings per share for the current fiscal year.



Large investors have recently bought and sold shares of the business. Signet Investment Advisory Group Inc. acquired a new position in Gartner in the fourth quarter valued at about $38,000. Sontag Advisory LLC acquired a new position in Gartner in the fourth quarter valued at about $47,000. Claybrook Capital LLC acquired a new position in Gartner in the fourth quarter valued at about $51,000. Exane Asset Management acquired a new position in Gartner in the fourth quarter valued at about $78,000. Finally, IFP Advisors Inc grew its stake in Gartner by 135.7% in the third quarter. IFP Advisors Inc now owns 641 shares of the information technology services provider’s stock valued at $102,000 after acquiring an additional 369 shares during the period. 97.22% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded Gartner from a “c+” rating to a “b” rating in a research report on Tuesday, February 5th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $141.00 price objective on shares of Gartner in a research note on Thursday, February 14th. BMO Capital Markets cut Gartner from an “outperform” rating to a “market perform” rating and set a $139.30 price objective for the company. in a research note on Wednesday, February 6th. Robert W. Baird reaffirmed a “buy” rating and set a $156.00 price objective on shares of Gartner in a research note on Wednesday, February 6th. Finally, Bank of America reaffirmed a “buy” rating and set a $150.00 price objective on shares of Gartner in a research note on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $142.81.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://dakotafinancialnews.com/2019/03/15/insider-selling-gartner-inc-it-cfo-sells-511226-40-in-stock.html.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

Read More: Roth IRA

Insider Buying and Selling by Quarter for Gartner (NYSE:IT)

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply