1,002 Shares in Gartner, Inc. (NYSE:IT) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new stake in Gartner, Inc. (NYSE:IT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,002 shares of the information technology services provider’s stock, valued at approximately $485,000.

Several other institutional investors have also modified their holdings of IT. Meeder Advisory Services Inc. increased its position in shares of 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 purchased a new position in shares of Gartner during the fourth quarter worth $4,255,000. Headlands Technologies LLC raised its holdings in shares of 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 valued at $2,843,000 after buying an additional 5,833 shares during the period. OLD Mission Capital LLC acquired a new position in Gartner during the 4th quarter worth about $1,732,000. Finally, Geode Capital Management LLC boosted its holdings in Gartner by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,063,577 shares of the information technology services provider’s stock valued at $998,400,000 after acquiring an additional 45,219 shares during the period. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

In other Gartner news, Director Eileen Serra sold 1,200 shares of Gartner stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, the director now owns 1,627 shares of the company’s stock, valued at $796,855.79. The trade was a 42.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.

Gartner Trading Down 5.4 %

IT opened at $383.12 on Friday. The business’s 50-day simple moving average is $482.71 and its 200-day simple moving average is $502.19. The company has a market cap of $29.43 billion, a P/E ratio of 23.90, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a one year low of $382.23 and a one year high of $584.01. 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 (NYSE:IT) last announced its quarterly earnings results 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 earnings per share. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IT has been the topic of a number of recent research reports. Morgan Stanley cut 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. StockNews.com cut shares of Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Barclays reduced their price objective on Gartner from $600.00 to $510.00 and set an “overweight” rating on the stock in a research note on Friday. Robert W. Baird lowered their target price on Gartner from $605.00 to $557.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Finally, Wells Fargo & Company reduced their price target 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 analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $525.38.

Gartner 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.