Gartner, Inc. (NYSE:IT) Stock Position Increased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lifted its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 360.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,877 shares of the information technology services provider's stock after acquiring an additional 3,035 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Gartner were worth $1,627,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Gartner by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 9,268,639 shares of the information technology services provider's stock worth $4,490,378,000 after purchasing an additional 100,917 shares during the period. FMR LLC raised its position in shares of Gartner by 8.6% in the 4th quarter. FMR LLC now owns 2,822,122 shares of the information technology services provider's stock worth $1,367,233,000 after buying an additional 223,087 shares during the period. Geode Capital Management LLC raised its position in shares of Gartner by 2.2% in the 4th 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. Wellington Management Group LLP grew its position in Gartner by 12.7% during the fourth quarter. Wellington Management Group LLP now owns 1,662,005 shares of the information technology services provider's stock valued at $805,192,000 after acquiring an additional 187,854 shares during the period. Finally, Invesco Ltd. increased its stake in Gartner by 6.7% during the fourth quarter. Invesco Ltd. now owns 955,134 shares of the information technology services provider's stock worth $462,734,000 after acquiring an additional 60,306 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Gartner Stock Up 0.4%

Shares of Gartner stock traded up $1.70 during trading on Thursday, reaching $404.34. The company had a trading volume of 897,198 shares, compared to its average volume of 493,726. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09. Gartner, Inc. has a fifty-two week low of $366.05 and a fifty-two week high of $584.01. The firm's fifty day moving average is $423.51 and its 200-day moving average is $460.43. The company has a market cap of $31.12 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.60 and a beta of 1.23.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, topping the consensus estimate of $2.72 by $0.26. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Gartner had a return on equity of 96.70% and a net margin of 19.82%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. On average, analysts anticipate that Gartner, Inc. will post 12.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company decreased their price objective on shares of Gartner from $401.00 to $400.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Barclays reduced their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group decreased their price target on shares of Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Wall Street Zen lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $515.89.

Insiders Place Their Bets

In related news, CFO Craig Safian sold 3,415 shares of Gartner stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $450.17, for a total value of $1,537,330.55. Following the sale, the chief financial officer now directly owns 77,890 shares in the company, valued at $35,063,741.30. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John J. Rinello sold 109 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total transaction of $47,562.15. Following the transaction, the senior vice president now directly owns 3,280 shares of the company's stock, valued at $1,431,228. The trade was a 3.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,426 shares of company stock valued at $2,430,327. Company insiders own 2.30% of the company's stock.

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.