Gartner (NYSE:IT) Receives New Coverage from Analysts at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner (NYSE:IT) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “hold” rating and a $507.00 price target on the information technology services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 9.34% from the company’s previous close.

Other equities analysts also recently issued reports about the company. UBS Group upgraded Gartner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $484.00 to $550.00 in a research report on Thursday, April 11th. BMO Capital Markets raised their price objective on Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Finally, Morgan Stanley raised their price objective on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Gartner has a consensus rating of “Hold” and an average target price of $477.60.

Gartner Stock Performance

NYSE IT opened at $463.68 on Tuesday. The business’s 50-day moving average price is $465.74 and its 200 day moving average price is $432.79. Gartner has a twelve month low of $292.60 and a twelve month high of $486.54. The company has a market capitalization of $36.15 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 4.25 and a beta of 1.29. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Gartner (NYSE:IT) last released its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the business posted $3.70 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts predict that Gartner will post 11.36 earnings per share for the current year.

Insider Activity at Gartner

In related news, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $453.00, for a total transaction of $308,946.00. Following the sale, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director James C. Smith sold 5,000 shares of Gartner stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the completion of the transaction, the director now owns 638,235 shares in the company, valued at approximately $290,396,925. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Valentin Sribar sold 682 shares of Gartner stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BSW Wealth Partners raised its stake in Gartner by 3.7% during the 4th quarter. BSW Wealth Partners now owns 617 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 22 shares in the last quarter. Allworth Financial LP raised its stake in Gartner by 2.8% during the 4th quarter. Allworth Financial LP now owns 807 shares of the information technology services provider’s stock valued at $364,000 after acquiring an additional 22 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Gartner by 0.5% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 4,900 shares of the information technology services provider’s stock valued at $2,210,000 after acquiring an additional 22 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Gartner by 59.5% during the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in Gartner by 36.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 94 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

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.