3,737 Shares in Gartner Inc (NYSE:IT) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of Gartner Inc (NYSE:IT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,737 shares of the information technology services provider’s stock, valued at approximately $601,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Gartner by 61.5% in the first quarter. FMR LLC now owns 1,096,870 shares of the information technology services provider’s stock valued at $166,374,000 after acquiring an additional 417,543 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Gartner by 1,440.7% in the first quarter. SG Americas Securities LLC now owns 223,982 shares of the information technology services provider’s stock valued at $33,974,000 after acquiring an additional 209,444 shares in the last quarter. Bollard Group LLC lifted its position in shares of Gartner by 117.1% in the first quarter. Bollard Group LLC now owns 361,009 shares of the information technology services provider’s stock valued at $54,758,000 after acquiring an additional 194,719 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Gartner by 2,569.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 135,091 shares of the information technology services provider’s stock valued at $20,491,000 after acquiring an additional 130,030 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Gartner by 11.8% in the fourth quarter. Geode Capital Management LLC now owns 1,165,951 shares of the information technology services provider’s stock valued at $148,786,000 after acquiring an additional 122,793 shares in the last quarter. Institutional investors own 97.98% of the company’s stock.

Shares of NYSE:IT traded up $2.80 during mid-day trading on Friday, reaching $129.29. The stock had a trading volume of 426,300 shares, compared to its average volume of 666,123. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a market cap of $11.40 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.74 and a beta of 1.24. Gartner Inc has a 1 year low of $120.89 and a 1 year high of $171.77. The business’s 50 day moving average price is $154.83 and its 200 day moving average price is $152.07.

Gartner (NYSE:IT) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.27. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Gartner had a return on equity of 41.29% and a net margin of 5.43%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Analysts predict that Gartner Inc will post 3.53 earnings per share for the current fiscal year.

In other Gartner news, EVP Joseph P. Beck sold 4,032 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $157.29, for a total transaction of $634,193.28. Following the sale, the executive vice president now directly owns 8,364 shares of the company’s stock, valued at $1,315,573.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alwyn Dawkins sold 400 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $133.04, for a total value of $53,216.00. Following the sale, the executive vice president now directly owns 34,806 shares in the company, valued at $4,630,590.24. The disclosure for this sale can be found here. Insiders sold 7,644 shares of company stock worth $1,174,858 over the last quarter. 4.00% of the stock is owned by company insiders.

Several equities analysts have recently commented on IT shares. Cantor Fitzgerald boosted their price objective on Gartner from $141.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Gartner from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. BMO Capital Markets lowered their price objective on Gartner to $142.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective on Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Finally, ValuEngine downgraded Gartner from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $151.67.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Institutional Ownership by Quarter for Gartner (NYSE:IT)

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