Shares of Gartner Inc. (NYSE:IT) saw strong trading volume on Wednesday . 370,738 shares were traded during trading, an increase of 18% from the previous session’s volume of 315,280 shares.The stock last traded at $91.15 and had previously closed at $91.72.

Several brokerages recently weighed in on IT. Robert W. Baird reissued a “buy” rating on shares of Gartner in a research note on Sunday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Gartner from $89.00 to $94.00 and gave the stock a “sector perform” rating in a research note on Monday, May 9th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Gartner in a research note on Monday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price objective on shares of Gartner in a research note on Friday, August 5th. Finally, Zacks Investment Research cut shares of Gartner from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $98.27.

The company has a market cap of $7.51 billion and a PE ratio of 41.47. The firm’s 50-day moving average is $97.14 and its 200 day moving average is $92.24.

Gartner (NYSE:IT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The firm had revenue of $610 million for the quarter, compared to analysts’ expectations of $596.78 million. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. Equities research analysts forecast that Gartner Inc. will post $2.80 EPS for the current fiscal year.

In related news, CEO Eugene A. Hall sold 48,413 shares of the stock in a transaction on Monday, June 6th. The shares were sold at an average price of $102.32, for a total transaction of $4,953,618.16. Following the transaction, the chief executive officer now owns 1,173,438 shares of the company’s stock, valued at approximately $120,066,176.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Alwyn Dawkins sold 2,000 shares of the stock in a transaction on Friday, June 10th. The shares were sold at an average price of $100.66, for a total transaction of $201,320.00. Following the transaction, the senior vice president now directly owns 21,648 shares in the company, valued at approximately $2,179,087.68. The disclosure for this sale can be found here.

A number of large investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Gartner by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 264,244 shares of the company’s stock worth $23,967,000 after buying an additional 6,319 shares during the period. Schroder Investment Management Group raised its stake in shares of Gartner by 18.6% in the fourth quarter. Schroder Investment Management Group now owns 256,447 shares of the company’s stock worth $23,259,000 after buying an additional 40,194 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Gartner by 0.8% in the fourth quarter. I.G. Investment Management LTD. now owns 14,429 shares of the company’s stock worth $1,309,000 after buying an additional 110 shares during the period. KBC Group NV raised its stake in shares of Gartner by 12.7% in the fourth quarter. KBC Group NV now owns 19,981 shares of the company’s stock worth $1,812,000 after buying an additional 2,257 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of Gartner by 0.7% in the fourth quarter. Utah Retirement Systems now owns 14,908 shares of the company’s stock worth $1,352,000 after buying an additional 100 shares during the period.

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