Anne Sutherland Fuchs Sells 500 Shares of Gartner, Inc. (NYSE:IT) Stock

Gartner, Inc. (NYSE:IT) Director Anne Sutherland Fuchs sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $505.28, for a total value of $252,640.00. Following the transaction, the director now owns 8,059 shares of the company’s stock, valued at $4,072,051.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Anne Sutherland Fuchs also recently made the following trade(s):

• On Tuesday, June 4th, Anne Sutherland Fuchs sold 705 shares of Gartner stock. The stock was sold at an average price of $428.99, for a total transaction of $302,437.95.

Gartner Stock Down 2.8 %

Gartner stock opened at $479.29 on Monday. The firm has a market capitalization of $37.21 billion, a P/E ratio of 47.69, a P/E/G ratio of 3.80 and a beta of 1.33. The company has a 50-day simple moving average of $449.91 and a 200-day simple moving average of $455.17. Gartner, Inc. has a one year low of $323.61 and a one year high of $509.15. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.91 and a current ratio of 0.90.

Gartner (NYSE:IT) last posted its earnings results 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Gartner had a net margin of 13.67% and a return on equity of 142.05%. Gartner’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. As a group, equities analysts expect that Gartner, Inc. will post 11.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

IT has been the topic of several research reports. BMO Capital Markets upped their price objective on Gartner from $450.00 to $510.00 and gave the company a “market perform” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. StockNews.com downgraded shares of Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America boosted their price objective on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, 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 on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Gartner currently has a consensus rating of “Moderate Buy” and an average target price of $521.00.

Institutional Trading of Gartner

Several large investors have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS grew its stake in shares of Gartner by 40.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 34,606 shares of the information technology services provider’s stock worth $15,540,000 after purchasing an additional 10,015 shares in the last quarter. National Bank of Canada FI lifted its holdings in Gartner by 105.0% in the second quarter. National Bank of Canada FI now owns 39,246 shares of the information technology services provider’s stock worth $17,319,000 after purchasing an additional 20,101 shares during the period. TD Asset Management Inc grew its position in Gartner by 4.1% in the 2nd quarter. TD Asset Management Inc now owns 61,929 shares of the information technology services provider’s stock valued at $27,810,000 after buying an additional 2,447 shares in the last quarter. Strategy Asset Managers LLC acquired a new position in Gartner during the 2nd quarter valued at about $1,314,000. Finally, Weaver Capital Management LLC bought a new stake in shares of Gartner during the 2nd quarter worth about $299,000. 91.51% of the stock is currently owned by institutional investors and hedge funds.

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.