Gartner (NYSE:IT) Price Target Increased to $528.00 by Analysts at Morgan Stanley

Gartner (NYSE:IT) had its price objective raised by Morgan Stanley from $490.00 to $528.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Gartner from $450.00 to $510.00 and gave the company a market perform rating in a report on Wednesday, July 31st. Wells Fargo & Company raised shares of Gartner to a strong sell rating in a research report on Tuesday, August 13th. Robert W. Baird upped their target price on shares of Gartner from $517.00 to $565.00 and gave the company an outperform rating in a report on Wednesday, July 31st. UBS Group boosted their price target on Gartner from $510.00 to $580.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Gartner from a buy rating to a hold rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $529.29.

Gartner Trading Up 0.5 %

Shares of NYSE:IT opened at $521.22 on Thursday. The company’s 50-day moving average price is $495.34 and its two-hundred day moving average price is $466.23. Gartner has a one year low of $323.61 and a one year high of $524.77. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $40.46 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Gartner (NYSE:IT) last released its earnings results on Tuesday, July 30th. The information technology services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.20. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. Gartner’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Gartner will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Claire Herkes sold 478 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the transaction, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Claire Herkes sold 478 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the sale, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Eugene A. Hall sold 12,082 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $504.84, for a total value of $6,099,476.88. Following the transaction, the chief executive officer now owns 1,143,389 shares in the company, valued at $577,228,502.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,164 shares of company stock valued at $32,601,014 in the last three months. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in shares of Gartner by 11.4% in the first quarter. Russell Investments Group Ltd. now owns 25,063 shares of the information technology services provider’s stock valued at $11,987,000 after buying an additional 2,560 shares during the period. Transcend Capital Advisors LLC acquired a new stake in shares of Gartner during the 2nd quarter worth $512,000. Tidal Investments LLC increased its position in shares of Gartner by 24.4% in the first quarter. Tidal Investments LLC now owns 9,890 shares of the information technology services provider’s stock worth $4,717,000 after purchasing an additional 1,940 shares during the period. Findlay Park Partners LLP raised its stake in Gartner by 5.7% in the first quarter. Findlay Park Partners LLP now owns 678,121 shares of the information technology services provider’s stock valued at $323,240,000 after purchasing an additional 36,400 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Gartner during the first quarter worth about $1,049,000. 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.