L2 Asset Management LLC Purchases Shares of 8,808 Gartner, Inc. $IT

L2 Asset Management LLC purchased a new position in shares of Gartner, Inc. (NYSE:IT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,808 shares of the information technology services provider’s stock, valued at approximately $1,142,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in shares of Gartner in the 4th quarter valued at approximately $309,000. Sivia Capital Partners LLC acquired a new position in Gartner during the second quarter worth $336,000. Cresset Asset Management LLC raised its position in Gartner by 15.2% during 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 in the last quarter. Sei Investments Co. raised its position in Gartner by 9.2% during the second 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 lifted its stake in Gartner by 111.5% in the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after acquiring an additional 50,251 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Gartner Stock Up 3.5%

Shares of IT opened at $202.70 on Tuesday. Gartner, Inc. has a 52 week low of $124.25 and a 52 week high of $265.85. The firm has a market cap of $12.80 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 0.68 and a beta of 0.94. The firm’s 50-day simple moving average is $152.74 and its 200 day simple moving average is $155.13. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.88 and a current ratio of 0.88.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IT shares. Morgan Stanley set a $177.00 price objective on shares of Gartner in a research report on Wednesday, August 5th. UBS Group upped their target price on shares of Gartner from $164.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. BMO Capital Markets cut their target price 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. Wells Fargo & Company lifted their price target on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $187.30.

Insider Buying and Selling at Gartner

In other news, Director Anne Sutherland Fuchs sold 860 shares of Gartner stock in a transaction on Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $1,492,277.10. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yvonne Genovese sold 1,205 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were 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 directly 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 SEC filing for this sale provides additional information. Insiders own 2.60% of the company’s stock.

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.