Gartner SVP Alwyn Dawkins Sells 3,000 Shares (IT)
Gartner (NYSE:IT) SVP Alwyn Dawkins sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $58.32, for a total value of $174,960.00. Following the transaction, the senior vice president now directly owns 10,372 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on IT shares. Analysts at BMO Capital Markets cut their price target on shares of Gartner (NYSE:IT) from $65.00 to $61.00 in a research note to investors on Tuesday, August 6th. They now have a “market perform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Gartner (NYSE:IT) from $53.00 to $60.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Gartner (NYSE:IT) in a research note to investors on Friday, June 21st. They set a “buy” rating and a $67.00 price target on the stock.
Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.33.
Gartner (NYSE:IT) traded down 0.50% during mid-day trading on Thursday, hitting $57.90. 208,017 shares of the company’s stock traded hands. Gartner has a 1-year low of $42.81 and a 1-year high of $63.00. The stock’s 50-day moving average is $58.64 and its 200-day moving average is $56.72. The company has a market cap of $5.394 billion and a price-to-earnings ratio of 32.15.
Gartner (NYSE:IT) last released its earnings data on Friday, August 2nd. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.02. The company had revenue of $446.00 million for the quarter, compared to the consensus estimate of $442.56 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that Gartner will post $1.96 earnings per share for the current fiscal year.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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