Gartner, Inc. (NYSE:IT) EVP Claire Herkes Sells 411 Shares

Gartner, Inc. (NYSE:IT) EVP Claire Herkes sold 411 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now owns 1,494 shares of the company’s stock, valued at approximately $778,732.56. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Claire Herkes also recently made the following trade(s):

• On Friday, September 13th, Claire Herkes sold 478 shares of Gartner stock. The stock was sold at an average price of $506.01, for a total value of $241,872.78.

Gartner Stock Performance

NYSE:IT opened at $517.26 on Tuesday. The company’s 50-day moving average is $521.03 and its two-hundred day moving average is $484.77. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $39.90 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 3.24 and a beta of 1.32.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 earnings per share. Analysts forecast that Gartner, Inc. will post 11.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IT shares. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Barclays lifted their target price on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price target on shares of Gartner from $460.00 to $470.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird increased their price objective on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $539.25.

Hedge Funds Weigh In On Gartner

A number of hedge funds have recently modified their holdings of IT. Sustainable Growth Advisers LP acquired a new stake in Gartner in the 2nd quarter valued at approximately $266,541,000. Principal Financial Group Inc. grew its stake in shares of Gartner by 22.0% in the second 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 buying an additional 341,911 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Gartner in the 3rd quarter valued at $70,955,000. Natixis Advisors LLC lifted its stake 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 in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Gartner during the 3rd quarter valued at about $36,789,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.