Gartner SVP Sells $225,180 in Stock (IT)
Gartner (NYSE:IT) SVP Alwyn Dawkins unloaded 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $75.06, for a total transaction of $225,180.00. Following the completion of the sale, the senior vice president now directly owns 14,865 shares of the company’s stock, valued at approximately $1,115,767. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of Gartner from a “neutral” rating to an “outperform” rating in a research note on Friday, August 8th. 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 given a buy rating to the company’s stock. Gartner has an average rating of “Buy” and an average price target of $75.61.
Shares of Gartner (NYSE:IT) traded down 0.32% during mid-day trading on Wednesday, hitting $75.08. The stock had a trading volume of 196,862 shares. Gartner has a 52-week low of $56.55 and a 52-week high of $75.72. The stock’s 50-day moving average is $71.82 and its 200-day moving average is $70.45. The company has a market cap of $6.675 billion and a P/E ratio of 36.71.
Gartner (NYSE:IT) last announced its earnings results on Tuesday, August 5th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that Gartner will post $2.28 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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