Gartner (NYSE:IT) had its price target raised by Morgan Stanley from $120.00 to $131.00 in a research note issued on Wednesday. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 5.58% from the company’s current price.
IT has been the topic of several other research reports. Cantor Fitzgerald restated a “buy” rating and set a $139.00 price objective on shares of Gartner in a report on Thursday, November 2nd. Royal Bank of Canada restated a “buy” rating and set a $143.00 price objective on shares of Gartner in a report on Friday, November 3rd. Piper Jaffray Companies restated a “hold” rating and set a $130.00 price objective on shares of Gartner in a report on Tuesday, January 23rd. Zacks Investment Research downgraded shares of Gartner from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, BMO Capital Markets restated a “buy” rating and set a $137.00 price objective on shares of Gartner in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Gartner currently has a consensus rating of “Buy” and an average price target of $132.40.
Gartner (NYSE:IT) traded down $0.30 during trading on Wednesday, hitting $138.74. 520,274 shares of the company were exchanged, compared to its average volume of 473,261. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 52 week low of $95.40 and a 52 week high of $142.16. The firm has a market cap of $12,580.00, a P/E ratio of -408.06, a PEG ratio of 2.17 and a beta of 1.05.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC grew its stake in shares of Gartner by 466.7% in the 2nd quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 798 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Gartner by 52.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock worth $183,000 after acquiring an additional 505 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Gartner in the 3rd quarter worth $185,000. Parkwood LLC bought a new stake in shares of Gartner in the 3rd quarter worth $201,000. Finally, Lourd Capital LLC bought a new stake in shares of Gartner in the 4th quarter worth $204,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
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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.
