Gartner Stock Hits New 52-Week High (IT)

NEW YORK ( TheStreet) -- Gartner (NYSE: IT) hit a new 52-week high Wednesday as it is currently trading at $43.49, above its previous 52-week high of $43.41 with 651,035 shares traded as of 3:45 p.m. ET. Average volume has been 454,900 shares over the past 30 days.

Gartner has a market cap of $3.55 billion and is part of the technology sector and computer software & services industry. Shares are up 24.6% year to date as of the close of trading on Tuesday.

Gartner, Inc. provides independent and objective research and analysis on information technology (IT), computer hardware, software, communications, and related technology industries. The company has a P/E ratio of 31, above the average computer software & services industry P/E ratio of 29.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gartner as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gartner Ratings Report.

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