842 Shares in Gartner, Inc. (NYSE:IT) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. purchased a new stake in shares of Gartner, Inc. (NYSE:IT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 842 shares of the information technology services provider's stock, valued at approximately $408,000.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in Gartner in the third quarter valued at $201,000. Atomi Financial Group Inc. acquired a new position in Gartner during the 3rd quarter worth approximately $232,000. CWM LLC boosted its holdings in Gartner by 17.5% in the third quarter. CWM LLC now owns 6,994 shares of the information technology services provider's stock worth $3,544,000 after acquiring an additional 1,040 shares in the last quarter. Perpetual Ltd grew its stake in Gartner by 7.5% in the third quarter. Perpetual Ltd now owns 1,885 shares of the information technology services provider's stock valued at $955,000 after acquiring an additional 132 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Gartner by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 600 shares of the information technology services provider's stock valued at $304,000 after acquiring an additional 500 shares in the last quarter. 91.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on IT shares. Robert W. Baird upped their price objective on shares of Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. StockNews.com upgraded Gartner from a "hold" rating to a "buy" rating in a research note on Wednesday. Morgan Stanley dropped their price target on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Barclays raised Gartner from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on Gartner from $470.00 to $460.00 and set an "underweight" rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $552.63.

Insiders Place Their Bets

In related news, EVP Claire Herkes sold 411 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the sale, the executive vice president now owns 1,494 shares of the company's stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Rinello sold 90 shares of the firm's 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 transaction, the senior vice president now directly owns 3,259 shares of the company's stock, valued at $1,728,932.09. This represents a 2.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,690 shares of company stock worth $2,981,025 over the last three months. Company insiders own 3.60% of the company's stock.

Gartner Trading Down 1.6 %

Shares of Gartner stock traded down $8.10 during midday trading on Wednesday, reaching $514.02. 503,614 shares of the company's stock traded hands, compared to its average volume of 486,750. The stock has a 50 day moving average of $510.12 and a 200-day moving average of $507.95. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $584.01. The company has a market cap of $39.65 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 3.50 and a beta of 1.34. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping 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 net margin of 20.00% and a return on equity of 136.32%. The company's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $3.04 EPS. As a group, equities analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

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.