Alwyn Dawkins Sells 400 Shares of Gartner Inc (NYSE:IT) Stock

Gartner Inc (NYSE:IT) EVP Alwyn Dawkins sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $133.04, for a total value of $53,216.00. Following the completion of the sale, the executive vice president now directly owns 34,806 shares in the company, valued at $4,630,590.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Alwyn Dawkins also recently made the following trade(s):

  • On Wednesday, June 5th, Alwyn Dawkins sold 700 shares of Gartner stock. The stock was sold at an average price of $153.50, for a total value of $107,450.00.

IT stock traded down $2.10 during midday trading on Monday, hitting $128.48. The company’s stock had a trading volume of 310,900 shares, compared to its average volume of 480,651. The stock has a market capitalization of $11.94 billion, a P/E ratio of 33.89, a PEG ratio of 2.89 and a beta of 1.24. Gartner Inc has a 12 month low of $120.89 and a 12 month high of $171.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 0.68. The business has a 50-day simple moving average of $159.27.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.27. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Gartner had a return on equity of 41.29% and a net margin of 5.43%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities analysts predict that Gartner Inc will post 3.53 earnings per share for the current year.

IT has been the topic of a number of analyst reports. ValuEngine cut Gartner from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets dropped their price target on Gartner to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley dropped their price target on Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Cantor Fitzgerald boosted their price target on Gartner from $141.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research raised Gartner from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Gartner has an average rating of “Hold” and an average price target of $152.14.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IT. Avestar Capital LLC lifted its stake in Gartner by 1,036.8% in the first quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 197 shares during the last quarter. Ibex Wealth Advisors purchased a new position in Gartner during the second quarter valued at approximately $40,000. FTB Advisors Inc. purchased a new position in Gartner during the second quarter valued at approximately $60,000. Smithfield Trust Co. increased its holdings in Gartner by 80.9% during the first quarter. Smithfield Trust Co. now owns 425 shares of the information technology services provider’s stock valued at $64,000 after buying an additional 190 shares during the period. Finally, Advisory Services Network LLC increased its holdings in Gartner by 98.0% during the second quarter. Advisory Services Network LLC now owns 788 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 390 shares during the period. 98.88% 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. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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

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