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

Landscape Capital Management L.L.C. acquired a new stake in shares of Gartner, Inc. (NYSE:IT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 833 shares of the information technology services provider’s stock, valued at approximately $422,000.

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

Gartner Price Performance

NYSE:IT opened at $519.78 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $520.07 and a 200-day moving average price of $481.44. Gartner, Inc. has a 1-year low of $411.15 and a 1-year high of $559.00. The firm has a market cap of $40.09 billion, a price-to-earnings ratio of 38.33, a price-to-earnings-growth ratio of 3.24 and a beta of 1.32.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on Gartner from $490.00 to $528.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. BMO Capital Markets raised their price objective on Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Barclays upped their target price on Gartner from $470.00 to $525.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, UBS Group raised their price target on shares of Gartner from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $539.25.

Insiders Place Their Bets

In other Gartner news, Director James C. Smith sold 2,450 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now directly owns 529,844 shares in the company, valued at approximately $293,893,869.92. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Scott Hensel sold 5,580 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $490.00, for a total value of $2,734,200.00. Following the completion of the transaction, the executive vice president now owns 19,724 shares in the company, valued at approximately $9,664,760. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,729 shares of company stock worth $37,809,011. 3.60% of the stock is owned by corporate insiders.

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.