Landscape Capital Management L.L.C. Purchases New Position in Gartner, Inc. $IT

Landscape Capital Management L.L.C. bought a new stake in shares of Gartner, Inc. (NYSE:IT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,258 shares of the information technology services provider’s stock, valued at approximately $1,459,000.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Gartner during the fourth quarter valued at $309,000. Sivia Capital Partners LLC purchased a new stake in Gartner in the second quarter worth about $336,000. Cresset Asset Management LLC lifted its stake in Gartner by 15.2% in the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after acquiring an additional 191 shares during the period. Sei Investments Co. grew its holdings in Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after acquiring an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after acquiring an additional 50,251 shares in the last quarter. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of Gartner stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $190.06, for a total transaction of $229,022.30. Following the completion of the sale, the executive vice president owned 6,208 shares of the company’s stock, valued at approximately $1,179,892.48. The trade was a 16.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $184.30, for a total value of $158,498.00. Following the sale, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. This trade represents a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.60% of the stock is owned by insiders.

Gartner Trading Up 1.2%

Shares of NYSE:IT opened at $195.92 on Friday. The business’s 50-day moving average is $151.55 and its 200 day moving average is $155.15. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.88 and a quick ratio of 0.88. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The firm has a market capitalization of $12.37 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.65 and a beta of 0.94.

Gartner (NYSE:IT) last issued its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company earned $3.53 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Gartner has set its FY 2026 guidance at 14.000- EPS. On average, research analysts predict that Gartner, Inc. will post 14.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on IT shares. BMO Capital Markets reduced their price objective on shares of Gartner from $214.00 to $206.00 and set a “market perform” rating for the company in a research note on Tuesday, August 18th. The Goldman Sachs Group lifted their target price on Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on shares of Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research note on Wednesday, August 5th. Finally, Zacks Research raised shares of Gartner from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $187.30.

Gartner Company Profile

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.