Gartner (NYSE:IT) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner (NYSE:IT) in a research report released on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating and a $507.00 price target on the information technology services provider’s stock.

IT has been the topic of a number of other reports. UBS Group upgraded shares of Gartner from a neutral rating to a buy rating and increased their price target for the company from $484.00 to $550.00 in a research report on Thursday, April 11th. Morgan Stanley raised their price objective on Gartner from $421.00 to $446.00 and gave the company an equal weight rating in a research note on Tuesday, February 6th. StockNews.com lowered Gartner from a buy rating to a hold rating in a research note on Saturday, February 10th. Finally, BMO Capital Markets lifted their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a market perform rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $477.60.

Gartner Trading Down 1.1 %

Shares of Gartner stock opened at $458.46 on Tuesday. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91. Gartner has a 1 year low of $292.60 and a 1 year high of $486.54. The firm has a market cap of $35.75 billion, a PE ratio of 41.45, a PEG ratio of 4.25 and a beta of 1.29. The company has a 50 day simple moving average of $465.67 and a two-hundred day simple moving average of $433.60.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business earned $3.70 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts expect that Gartner will post 11.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director James C. Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total transaction of $2,275,000.00. Following the transaction, the director now owns 638,235 shares in the company, valued at $290,396,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James C. Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $455.00, for a total value of $2,275,000.00. Following the sale, the director now directly owns 638,235 shares of the company’s stock, valued at $290,396,925. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock worth $10,598,070. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Gartner

Large investors have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in Gartner by 6.0% in the first quarter. US Bancorp DE now owns 2,563 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 144 shares in the last quarter. Aviva PLC grew its position in Gartner by 53.3% during the 1st quarter. Aviva PLC now owns 42,028 shares of the information technology services provider’s stock valued at $12,502,000 after purchasing an additional 14,618 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Gartner by 9.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 27,043 shares of the information technology services provider’s stock valued at $8,044,000 after purchasing an additional 2,347 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Gartner by 25.2% in the first quarter. Allianz Asset Management GmbH now owns 98,889 shares of the information technology services provider’s stock worth $29,415,000 after buying an additional 19,892 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Gartner by 1.1% during the first quarter. Vanguard Group Inc. now owns 9,198,161 shares of the information technology services provider’s stock valued at $2,736,085,000 after buying an additional 102,709 shares during the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.