Insider Selling: Alwyn Dawkins Sells 1,000 Shares of Gartner Stock (IT)
Gartner (NYSE:IT) SVP Alwyn Dawkins unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The stock was sold at an average price of $70.13, for a total value of $70,130.00. Following the completion of the sale, the senior vice president now directly owns 20,460 shares in the company, valued at approximately $1,434,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Gartner (NYSE:IT) traded down 0.74% during mid-day trading on Monday, hitting $69.58. 356,144 shares of the company’s stock traded hands. Gartner has a 52 week low of $55.53 and a 52 week high of $75.61. The stock has a 50-day moving average of $70.56 and a 200-day moving average of $69.02. The company has a market cap of $6.278 billion and a price-to-earnings ratio of 35.91.
Gartner (NYSE:IT) last announced its earnings results on Thursday, May 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.08. The company had revenue of $446.70 million for the quarter, compared to the consensus estimate of $433.22 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Gartner will post $2.12 earnings per share for the current fiscal year.
A number of research firms have recently commented on IT. Analysts at Barclays raised their price target on shares of Gartner from $72.00 to $80.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Gartner from $69.00 to $75.00 in a research note on Friday, May 2nd. Finally, analysts at Zacks upgraded shares of Gartner from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $67.90 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $74.61.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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