Bryn Mawr Capital Management LLC Buys 8,419 Shares of Gartner, Inc. (NYSE:IT)

Bryn Mawr Capital Management LLC raised its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 652.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,710 shares of the information technology services provider's stock after buying an additional 8,419 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Gartner were worth $4,704,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning increased its stake in Gartner by 13.9% in the third quarter. Creative Planning now owns 10,735 shares of the information technology services provider's stock valued at $5,440,000 after purchasing an additional 1,307 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Gartner by 5.8% in the 3rd quarter. Whittier Trust Co. now owns 457 shares of the information technology services provider's stock valued at $232,000 after buying an additional 25 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Gartner by 13.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 736 shares of the information technology services provider's stock valued at $373,000 after buying an additional 86 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Gartner by 29.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,701 shares of the information technology services provider's stock worth $862,000 after buying an additional 387 shares during the period. Finally, Signaturefd LLC grew its stake in Gartner by 10.4% in the third quarter. Signaturefd LLC now owns 1,382 shares of the information technology services provider's stock valued at $701,000 after acquiring an additional 130 shares during the period. Institutional investors own 91.51% of the company's stock.

Gartner Stock Down 2.8 %

Gartner stock traded down $14.18 during mid-day trading on Friday, reaching $488.99. The company's stock had a trading volume of 304,234 shares, compared to its average volume of 472,023. The business's 50 day simple moving average is $509.84 and its 200 day simple moving average is $508.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a market capitalization of $37.72 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 3.38 and a beta of 1.34.

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

Insiders Place Their Bets

In other Gartner news, EVP William James Wartinbee III sold 189 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the sale, the executive vice president now directly owns 7,311 shares of the company's stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 90 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the sale, the senior vice president now directly owns 3,259 shares in the company, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,690 shares of company stock valued at $2,981,025 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on IT shares. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Barclays upgraded shares of Gartner from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird upped their price target on shares of Gartner from $579.00 to $605.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $552.63.

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.