Gartner, Inc. (NYSE:IT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

IT has been the subject of several other research reports. Zacks Investment Research upgraded shares of Gartner from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Wednesday, July 19th. Credit Suisse Group reiterated an “outperform” rating and issued a $130.00 target price (up previously from $124.00) on shares of Gartner in a report on Friday, May 5th. Royal Bank Of Canada lifted their target price on shares of Gartner from $124.00 to $130.00 and gave the company a “top pick” rating in a report on Friday, May 5th. TheStreet downgraded shares of Gartner from a “b” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $128.00 target price on shares of Gartner in a report on Monday, May 8th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Gartner currently has a consensus rating of “Buy” and an average price target of $126.89.

Shares of Gartner (NYSE IT) traded up 1.62% during mid-day trading on Wednesday, hitting $119.08. The company had a trading volume of 691,951 shares. Gartner has a 52-week low of $84.54 and a 52-week high of $130.02. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 244.52 and a beta of 1.05. The firm has a 50-day moving average price of $125.11 and a 200 day moving average price of $114.57.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Gartner had a net margin of 1.50% and a return on equity of 103.10%. The firm had revenue of $843.73 million during the quarter, compared to the consensus estimate of $892.64 million. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. Analysts expect that Gartner will post $3.41 earnings per share for the current year.

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In other Gartner news, SVP Alwyn Dawkins sold 1,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $118.62, for a total value of $118,620.00. Following the completion of the transaction, the senior vice president now owns 27,137 shares in the company, valued at $3,218,990.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Peter Sondergaard sold 4,172 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $111.90, for a total transaction of $466,846.80. Following the completion of the transaction, the senior vice president now owns 93,765 shares of the company’s stock, valued at approximately $10,492,303.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,297 shares of company stock valued at $5,911,874. Insiders own 4.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Gartner by 5,309.2% in the first quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock valued at $882,800,000 after buying an additional 8,023,700 shares during the period. Janus Henderson Group PLC increased its position in Gartner by 1,426.9% in the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock valued at $528,449,000 after buying an additional 3,998,373 shares during the period. Vanguard Group Inc. increased its position in Gartner by 32.4% in the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock valued at $1,072,104,000 after buying an additional 2,125,783 shares during the period. Janus Capital Management LLC increased its position in Gartner by 62.0% in the first quarter. Janus Capital Management LLC now owns 3,555,481 shares of the information technology services provider’s stock valued at $383,956,000 after buying an additional 1,360,165 shares during the period. Finally, Alliancebernstein L.P. increased its position in Gartner by 1,983.4% in the first quarter. Alliancebernstein L.P. now owns 1,329,202 shares of the information technology services provider’s stock valued at $143,541,000 after buying an additional 1,265,402 shares during the period. Institutional investors and hedge funds own 87.56% of the company’s stock.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

Analyst Recommendations for Gartner (NYSE:IT)

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