The stock of Gartner Inc (NYSE:IT) hit a new 52-week high and has $155.76 target or 49.00% above today’s $104.54 share price. The 7 months bullish chart indicates low risk for the $8.72 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $155.76 price target is reached, the company will be worth $4.27B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.89% or $1.94 on November 17, hitting $104.54. About 345,315 shares traded hands. Gartner Inc (NYSE:IT) has risen 15.95% since April 15, 2016 and is uptrending. It has outperformed by 11.32% the S&P500.
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. Sterne Agee CRT initiated the shares of IT in a report on Tuesday, March 22 with “Buy” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $88 target price in Friday, November 6 report. The firm has “Equal-Weight” rating given on Thursday, September 24 by Morgan Stanley. FBR Capital maintained the shares of IT in a report on Friday, November 6 with “Mkt Perform” rating. The rating was initiated by Atlantic Securities with “Overweight” on Monday, January 25. The company was initiated on Friday, August 26 by Macquarie Research. The firm has “Buy” rating by Cantor Fitzgerald given on Tuesday, November 10.
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 2016 Q2. Its up 0.63, from 1.07 in 2016Q1. The ratio improved, 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.
Bbva Compass Bank has 0.05% invested in the company for 6,566 shares. The Connecticut-based Paloma Prtnrs Management has invested 0.03% in Gartner Inc (NYSE:IT). Hillsdale Investment Mgmt Incorporated accumulated 20 shares or 0% of the stock. Alliancebernstein L P last reported 62,320 shares in the company. Signaturefd Limited Com, a Georgia-based fund reported 71 shares. Meiji Yasuda Asset Mgmt last reported 0.15% of its portfolio in the stock. Integrated Wealth Counsel Ltd has invested 0.63% of its portfolio in Gartner Inc (NYSE:IT). Calvert Inv Mgmt Incorporated, a Maryland-based fund reported 4,125 shares. Connable Office accumulated 0.07% or 2,500 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 11,760 shares. Moreover, Ghp Invest Advsr Incorporated has 0.22% invested in Gartner Inc (NYSE:IT) for 10,534 shares. First Natl Bank Of Hutchinson accumulated 8,409 shares or 0.52% of the stock. Capstone Asset Communication owns 8,737 shares or 0.03% of their US portfolio. Loomis Sayles And Limited Partnership holds 0.02% or 83,914 shares in its portfolio. Geneva Advisors Limited Liability Co owns 848,330 shares or 1.63% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 9 sales for $9.03 million net activity. The insider Dawkins Alwyn sold $246,968. Shares for $429,407 were sold by WAERN PER ANDERS on Friday, May 27. $280,770 worth of Gartner Inc (NYSE:IT) was sold by DYKSTRA KAREN E. HALL EUGENE A also sold $4.95M worth of Gartner Inc (NYSE:IT) shares. Another trade for 10,198 shares valued at $959,640 was sold by GODFREY DAVID. The insider Christopher MR Thomas sold 5,773 shares worth $579,703.
More recent Gartner Inc (NYSE:IT) news were published by: Economictimes.Indiatimes.com which released: “Insurers IT spend to go up 9.1%, says Gartner Inc” on November 15, 2016. Also Fool.com published the news titled: “Gartner Inc. Sales Rise 15%” on November 08, 2016. Businesswire.com‘s news article titled: “Gartner Predicts 15 Percent of Successful Chief Data Officers Will Move to CEO …” with publication date: November 10, 2016 was also an interesting one.
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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