Bryce Point Capital LLC Takes $485,000 Position in Gartner, Inc. (NYSE:IT)

Bryce Point Capital LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,002 shares of the information technology services provider's stock, valued at approximately $485,000.

Several other institutional investors have also recently modified their holdings of IT. Meeder Advisory Services Inc. grew its position in Gartner by 3.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 1,999 shares of the information technology services provider's stock valued at $968,000 after acquiring an additional 59 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Gartner during the 4th quarter valued at $4,255,000. Headlands Technologies LLC raised its position in Gartner by 16,665.7% in the 4th quarter. Headlands Technologies LLC now owns 5,868 shares of the information technology services provider's stock worth $2,843,000 after purchasing an additional 5,833 shares during the period. OLD Mission Capital LLC bought a new stake in Gartner in the fourth quarter worth $1,732,000. Finally, Geode Capital Management LLC increased its holdings in shares of Gartner by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider's stock worth $998,400,000 after buying an additional 45,219 shares during the period. 91.51% of the stock is currently owned by institutional investors.

Gartner Stock Down 4.4 %

Shares of IT stock traded down $18.07 during midday trading on Thursday, reaching $388.07. 172,329 shares of the stock were exchanged, compared to its average volume of 445,976. The firm has a market cap of $29.81 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The company's 50 day moving average is $467.43 and its two-hundred day moving average is $497.94. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01.

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Gartner (NYSE:IT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 earnings per share. On average, equities research analysts predict that Gartner, Inc. will post 12.5 EPS for the current year.

Insider Buying and Selling at Gartner

In other news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now owns 3,259 shares in the company, valued at $1,728,932.09. This represents a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the transaction, the director now directly owns 1,627 shares in the company, valued at $796,855.79. This trade represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Wells Fargo & Company dropped their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research report on Wednesday. Barclays decreased their price objective on shares of Gartner from $600.00 to $510.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Robert W. Baird dropped their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $518.00.

About Gartner

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.