L2 Asset Management LLC Acquires New Shares in Gartner, Inc. $IT

L2 Asset Management LLC bought a new stake in Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,808 shares of the information technology services provider’s stock, valued at approximately $1,142,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Physician Wealth Advisors Inc. raised its holdings in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. DV Equities LLC acquired a new position in shares of Gartner in the 4th quarter valued at $25,000. Entrust Financial LLC bought a new stake in shares of Gartner in the 4th quarter valued at $26,000. Bell Investment Advisors Inc increased its position in shares of Gartner by 75.5% in the 1st quarter. Bell Investment Advisors Inc now owns 172 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 74 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in Gartner during the 4th quarter worth $28,000. Institutional investors own 91.51% of the company’s stock.

Insider Buying and Selling

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

Gartner Stock Performance

IT opened at $202.70 on Tuesday. The business’s 50-day moving average price is $152.74 and its two-hundred day moving average price is $155.13. Gartner, Inc. has a 1 year low of $124.25 and a 1 year high of $265.85. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 0.68 and a beta of 0.94. 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 (NYSE:IT) last posted its quarterly earnings data 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. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Gartner had a return on equity of 525.46% and a net margin of 11.99%.Gartner’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.53 earnings per share. Gartner has set its FY 2026 guidance at 14.000- EPS. Equities analysts expect that Gartner, Inc. will post 14.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on IT shares. Truist Financial set a $205.00 target price on Gartner in a research note on Wednesday, August 5th. BMO Capital Markets dropped their price target on Gartner from $214.00 to $206.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 18th. UBS Group boosted their price objective on Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their target price on Gartner from $160.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.