The stock of Gartner Inc (NYSE:IT) is a huge mover today! About 1.08M shares traded hands or 297.74% up from the average. Gartner Inc (NYSE:IT) has declined 4.82% since April 1, 2016 and is downtrending. It has underperformed by 6.04% the S&P500.
The move comes after 8 months positive chart setup for the $7.78 billion company. It was reported on Nov, 3 by Barchart.com. We have $154.44 PT which if reached, will make NYSE:IT worth $4.98B more.
Gartner Inc (NYSE:IT) Ratings Coverage
Out of 9 analysts covering Gartner Inc (NYSE:IT), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Gartner Inc has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, November 6 with “Sector Perform”. On Friday, August 26 the stock rating was initiated by Macquarie Research with “Outperform”. The company was initiated on Tuesday, November 10 by Cantor Fitzgerald. On Friday, November 6 the stock rating was maintained by FBR Capital with “Mkt Perform”. Morgan Stanley initiated the stock with “Equal-Weight” rating in Thursday, September 24 report. Atlantic Securities initiated the stock with “Overweight” rating in Monday, January 25 report. The stock of Gartner Inc (NYSE:IT) earned “Buy” rating by Sterne Agee CRT on Tuesday, March 22.
According to Zacks Investment Research, “Gartner, Inc. is a research and advisory firm that helps clients understand technology and drive business growth. Gartner’s divisions consist of Gartner Research, Gartner Consulting, Gartner Measurement and Gartner Events. Gartner has the most comprehensive body of global research that reports on and analyzes the technologies that drive business and organizational success. Gartner Consulting leverages the company’s industry-leading research capabilities to deliver hands-on client support, from strategy to measurable results.”
Insitutional Activity: The institutional sentiment increased to 1.7 in Q2 2016. Its up 0.63, from 1.07 in 2016Q1. The ratio increased, as 13 funds sold all Gartner Inc shares owned while 97 reduced positions. 54 funds bought stakes while 133 increased positions. They now own 72.80 million shares or 0.05% more from 72.77 million shares in 2016Q1.
Winslow Evans Crocker Inc has 112 shares for 0% of their US portfolio. Nationwide Fund Advisors has 0.16% invested in the company for 369,802 shares. Sumitomo Mitsui Asset Management Communication holds 0.02% or 6,036 shares in its portfolio. Capstone Asset Communications last reported 8,737 shares in the company. Guardian Trust Company has 0.01% invested in the company for 7,064 shares. Timessquare Capital has invested 1.32% of its portfolio in Gartner Inc (NYSE:IT). Tiaa Cref Invest Mgmt Llc holds 0.02% of its portfolio in Gartner Inc (NYSE:IT) for 262,787 shares. Denver Advsr, a Colorado-based fund reported 5,019 shares. Arrowpoint Asset Mngmt Ltd owns 644,918 shares or 1.27% of their US portfolio. Moreover, Bbva Compass Bancshares has 0.05% invested in Gartner Inc (NYSE:IT) for 6,566 shares. Paloma Prns Mngmt last reported 0.03% of its portfolio in the stock. Moreover, Clearbridge Lc has 0% invested in Gartner Inc (NYSE:IT) for 520 shares. Axa last reported 0% of its portfolio in the stock. Catalyst Cap Ltd Co has invested 0.02% of its portfolio in Gartner Inc (NYSE:IT). Janney Montgomery Scott Limited Co, a Pennsylvania-based fund reported 3,534 shares.
Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 14 insider sales for $16.84 million net activity. $429,407 worth of Gartner Inc (NYSE:IT) shares were sold by WAERN PER ANDERS. $1.98M worth of shares were sold by HALL EUGENE A on Friday, May 13. Safian Craig sold $299,800 worth of stock or 3,057 shares. DYKSTRA KAREN E also sold $352,741 worth of Gartner Inc (NYSE:IT) shares. On Tuesday, May 24 Christopher MR Thomas sold $579,703 worth of the stock or 5,773 shares. $421,847 worth of Gartner Inc (NYSE:IT) was sold by Dawkins Alwyn. $530,239 worth of Gartner Inc (NYSE:IT) was sold by Kranich Robin B.
More important recent Gartner Inc (NYSE:IT) news were published by: Streetinsider.com which released: “Gartner, Inc. (IT) Tops Q3 EPS by 8c; Guides FY16 EPS Above Views” on November 03, 2016, also Rttnews.com published article titled: “Gartner Inc. Reports 28% Increase In Q3 Bottom Line”, Economictimes.Indiatimes.com published: “3D printer shipments set to more than double in 2016: Gartner Inc” on October 13, 2016. More interesting news about Gartner Inc (NYSE:IT) was released by: Gurufocus.com and their article: “Baron Funds Comments on Gartner Inc.” with publication date: October 20, 2016.
IT Company Profile
Gartner, Inc., incorporated on June 1, 1990, is an information technology research and advisory company. The Firm works with clients to research, analyze and interpret the business of information technology (IT) within the context of their individual roles. The Firm conducts its activities through three divisions: Research, Consulting and Events. The Research segment consists primarily of subscription research products, access to research inquiry, peer networking services and membership programs. The Consulting segment consists primarily of consulting, measurement engagements and strategic advisory services. The Events segment consists of various symposia, conferences and exhibitions.
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