Insider Selling: Gartner, Inc. (NYSE:IT) EVP Sells $433,760.25 in Stock

Gartner, Inc. (NYSE:ITGet Rating) EVP Robin B. Kranich sold 1,295 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $334.95, for a total transaction of $433,760.25. Following the sale, the executive vice president now owns 9,603 shares of the company’s stock, valued at approximately $3,216,524.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Gartner Stock Performance

Shares of IT opened at $343.27 on Friday. Gartner, Inc. has a 12 month low of $221.39 and a 12 month high of $346.35. The company’s fifty day moving average is $304.47 and its 200-day moving average is $279.65. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 20.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TheStreet raised Gartner from a “c+” rating to a “b-” rating in a research note on Wednesday, August 17th. Barclays boosted their price target on Gartner from $265.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. Jefferies Financial Group restated a “hold” rating and set a $300.00 target price on shares of Gartner in a research note on Tuesday, October 25th. StockNews.com initiated coverage on shares of Gartner in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company upped their price objective on Gartner from $345.00 to $358.00 in a research note on Thursday, November 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Institutional Investors Weigh In On Gartner

Large investors have recently added to or reduced their stakes in the stock. CVA Family Office LLC increased its position in shares of Gartner by 24.1% during the third quarter. CVA Family Office LLC now owns 180 shares of the information technology services provider’s stock valued at $50,000 after purchasing an additional 35 shares during the period. Commonwealth Equity Services LLC lifted its position in Gartner by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,634 shares of the information technology services provider’s stock worth $1,282,000 after buying an additional 35 shares in the last quarter. Cardinal Capital Management raised its position in Gartner by 1.2% in the 2nd quarter. Cardinal Capital Management now owns 3,008 shares of the information technology services provider’s stock worth $727,000 after purchasing an additional 37 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Gartner by 9.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 442 shares of the information technology services provider’s stock worth $122,000 after buying an additional 37 shares in the last quarter. Finally, Nvwm LLC boosted its position in Gartner by 1.3% in the 2nd quarter. Nvwm LLC now owns 3,042 shares of the information technology services provider’s stock valued at $736,000 after buying an additional 40 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.

About Gartner

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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.

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Insider Buying and Selling by Quarter for Gartner (NYSE:IT)

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