Landscape Capital Management L.L.C. Acquires New Holdings in Gartner, Inc. (NYSE:IT)

Landscape Capital Management L.L.C. bought a new stake in Gartner, Inc. (NYSE:IT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 833 shares of the information technology services provider’s stock, valued at approximately $422,000.

A number of other institutional investors have also made changes to their positions in the stock. Eastern Bank acquired a new stake in shares of Gartner in the third quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in Gartner during the 3rd quarter valued at about $44,000. Crewe Advisors LLC grew its position in Gartner by 223.3% in the 2nd quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Fortitude Family Office LLC increased its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after purchasing an additional 20 shares during the period. Finally, Asset Dedication LLC increased its stake in Gartner by 46.5% during the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock worth $75,000 after purchasing an additional 47 shares during the period. 91.51% of the stock is currently owned by institutional investors and hedge funds.

Gartner Price Performance

Shares of NYSE IT opened at $519.78 on Monday. The stock’s 50-day simple moving average is $520.07 and its 200-day simple moving average is $481.44. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $40.09 billion, a PE ratio of 38.33, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32. Gartner, Inc. has a fifty-two week low of $411.15 and a fifty-two week high of $559.00.

Gartner (NYSE:IT) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 EPS. As a group, equities research analysts forecast that Gartner, Inc. will post 11.89 EPS for the current fiscal year.

Insider Buying and Selling at Gartner

In other news, EVP Akhil Jain sold 500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $492.00, for a total value of $246,000.00. Following the completion of the sale, the executive vice president now directly owns 4,339 shares of the company’s stock, valued at approximately $2,134,788. This represents a 10.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Hensel sold 5,580 shares of Gartner stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total transaction of $2,734,200.00. Following the completion of the transaction, the executive vice president now directly owns 19,724 shares in the company, valued at $9,664,760. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,729 shares of company stock worth $37,809,011 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of research reports. UBS Group lifted their price objective on shares of Gartner from $510.00 to $580.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their price objective on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their target price on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $539.25.

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.