Gartner Target of Unusually Large Options Trading (IT)

Gartner Inc (NYSE:IT) was the target of unusually large options trading activity on Wednesday. Traders acquired 1,302 call options on the stock. This is an increase of approximately 1,176% compared to the typical volume of 102 call options.

Several research firms recently weighed in on IT. Cantor Fitzgerald reaffirmed a “buy” rating and set a $139.00 price objective on shares of Gartner in a research report on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $143.00 price objective on shares of Gartner in a research report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $130.00 price objective on shares of Gartner in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Gartner from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Morgan Stanley cut their price objective on shares of Gartner from $131.00 to $127.00 and set an “equal weight” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Gartner presently has an average rating of “Buy” and a consensus price target of $134.30.

Gartner (IT) opened at $115.49 on Friday. The company has a market cap of $10,828.26, a PE ratio of 3,849.67, a PEG ratio of 1.83 and a beta of 1.06. 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 fifty-two week low of $100.33 and a fifty-two week high of $142.16.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.15). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Gartner had a return on equity of 49.06% and a net margin of 0.10%. The firm’s revenue was up 44.3% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. equities research analysts forecast that Gartner will post 3.95 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Gartner by 59.0% in the second quarter. Dimensional Fund Advisors LP now owns 315,351 shares of the information technology services provider’s stock worth $38,950,000 after acquiring an additional 116,983 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Gartner by 6.7% in the third quarter. California Public Employees Retirement System now owns 245,296 shares of the information technology services provider’s stock worth $30,517,000 after acquiring an additional 15,471 shares during the last quarter. Swiss National Bank increased its stake in shares of Gartner by 1.1% in the third quarter. Swiss National Bank now owns 454,090 shares of the information technology services provider’s stock valued at $56,493,000 after buying an additional 4,900 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Gartner by 10.8% in the third quarter. Parametric Portfolio Associates LLC now owns 150,877 shares of the information technology services provider’s stock valued at $18,771,000 after buying an additional 14,749 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Gartner by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 268,770 shares of the information technology services provider’s stock valued at $33,438,000 after buying an additional 2,671 shares during the period. 95.73% of the stock is owned by hedge funds and other institutional investors.

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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.

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