Gartner SVP Sells $192,414 in Stock (IT)
Gartner (NYSE:IT) SVP Alwyn Dawkins sold 2,678 shares of Gartner stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $71.85, for a total value of $192,414.30. Following the completion of the sale, the senior vice president now directly owns 17,782 shares of the company’s stock, valued at approximately $1,277,637. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $75.90 price target on the stock. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $75.61.
Shares of Gartner (NYSE:IT) traded up 0.62% during mid-day trading on Monday, hitting $72.60. 347,280 shares of the company’s stock traded hands. Gartner has a 52-week low of $56.55 and a 52-week high of $75.61. The stock has a 50-day moving average of $70.36 and a 200-day moving average of $69.67. The company has a market cap of $6.454 billion and a P/E ratio of 35.16.
Gartner (NYSE:IT) last released its earnings data on Tuesday, August 5th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.09. The company had revenue of $519.80 million for the quarter, compared to the consensus estimate of $501.87 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts expect that Gartner will post $2.28 EPS for the current fiscal year.
Gartner, Inc (NYSE:IT) is an information technology (IT) research and advisory company.
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