Bryn Mawr Capital Management LLC Sells 77 Shares of Gartner, Inc. (NYSE:IT)

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

Several other institutional investors have also bought and sold shares of IT. Principal Financial Group Inc. lifted its position in Gartner by 30.3% during the third quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after purchasing an additional 364,128 shares during the last quarter. American Century Companies Inc. lifted its position in Gartner by 888.4% during the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after purchasing an additional 269,744 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Gartner during the third quarter valued at $83,588,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Gartner by 384.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 201,553 shares of the information technology services provider’s stock worth $69,257,000 after acquiring an additional 159,989 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Gartner in the 3rd quarter worth about $48,614,000. Institutional investors own 91.51% of the company’s stock.

Gartner Trading Up 0.6 %

Shares of IT opened at $448.78 on Friday. Gartner, Inc. has a 1-year low of $293.73 and a 1-year high of $486.54. The company has a 50-day moving average of $464.87 and a 200 day moving average of $437.88. The firm 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. The company has a debt-to-equity ratio of 3.60, a current ratio of 0.91 and a quick ratio of 0.91.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating 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 company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business posted $3.70 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts expect that Gartner, Inc. will post 11.3 EPS for the current year.

Insider Activity at Gartner

In other Gartner news, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now 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 is available at the SEC website. In other Gartner news, EVP Akhil Jain sold 250 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $464.55, for a total transaction of $116,137.50. Following the transaction, the executive vice president now 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 is available at the SEC website. Also, EVP Valentin Sribar sold 682 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The disclosure for this sale can be found here. Insiders sold 22,952 shares of company stock worth $10,598,070 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised 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. BMO Capital Markets raised 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. StockNews.com lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. UBS Group upgraded shares of Gartner from a “neutral” rating to a “buy” rating and raised their target price for the stock from $484.00 to $550.00 in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Gartner in a report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Gartner currently has a consensus rating of “Hold” and an average target price of $477.60.

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.