Bryn Mawr Capital Management LLC Has $687,000 Stake in Gartner, Inc. (NYSE:IT)

Bryn Mawr Capital Management LLC decreased its position in Gartner, Inc. (NYSE:IT) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,523 shares of the information technology services provider’s stock after selling 77 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Gartner were worth $687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC raised its holdings in shares of Gartner by 204.4% during the third quarter. Global Retirement Partners LLC now owns 137 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 92 shares during the period. Private Trust Co. NA raised its holdings in shares of Gartner by 32.9% during the third quarter. Private Trust Co. NA now owns 202 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 50 shares during the period. Czech National Bank raised its holdings in shares of Gartner by 47.3% during the third quarter. Czech National Bank now owns 13,777 shares of the information technology services provider’s stock valued at $4,734,000 after purchasing an additional 4,421 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Gartner by 0.5% during the third quarter. Asset Management One Co. Ltd. now owns 89,366 shares of the information technology services provider’s stock valued at $30,768,000 after purchasing an additional 410 shares during the period. Finally, Blossom Wealth Management acquired a new position in shares of Gartner during the third quarter valued at about $205,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Akhil Jain sold 250 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Akhil Jain sold 250 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the completion of the transaction, the executive vice president now directly owns 5,239 shares of the company’s stock, valued at approximately $2,433,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Herkes sold 1,460 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the transaction, the executive vice president now directly owns 2,842 shares of the company’s stock, valued at $1,352,109.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the topic of a number of analyst reports. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and upped their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Morgan Stanley upped their target price on shares of Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. Finally, BMO Capital Markets upped their target price on shares of Gartner from $444.00 to $450.00 and gave the stock a “market perform” rating in a report on Thursday, February 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and a consensus price target of $477.60.

Gartner Trading Up 0.6 %

Shares of IT stock opened at $448.78 on Friday. Gartner, Inc. has a 52-week low of $293.73 and a 52-week high of $486.54. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.91 and a current ratio of 0.91. The company has a 50-day simple moving average of $464.87 and a two-hundred day simple moving average of $437.88. The company has a market capitalization of $34.99 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 4.10 and a beta of 1.29.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.21. Gartner had a net margin of 14.94% and a return on equity of 156.35%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the firm posted $3.70 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that Gartner, Inc. will post 11.3 EPS for the current fiscal year.

Gartner Company Profile

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.