Natixis Advisors L.P. Has $22.59 Million Stock Position in Gartner, Inc. (NYSE:IT)

Natixis Advisors L.P. boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,074 shares of the information technology services provider’s stock after purchasing an additional 158 shares during the period. Natixis Advisors L.P.’s holdings in Gartner were worth $22,588,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. OFI Invest Asset Management acquired a new position in Gartner in the 3rd quarter valued at approximately $25,000. BKM Wealth Management LLC acquired a new stake in Gartner in the fourth quarter valued at $26,000. MCF Advisors LLC acquired a new stake in Gartner in the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC raised its position in Gartner by 254.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Gartner by 357.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 87 shares of the information technology services provider’s stock worth $30,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Stock Up 2.3 %

IT stock opened at $428.64 on Monday. The stock has a market cap of $33.42 billion, a P/E ratio of 42.65, a P/E/G ratio of 3.44 and a beta of 1.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock’s fifty day simple moving average is $462.52 and its two-hundred day simple moving average is $441.53. Gartner, Inc. has a 1-year low of $295.43 and a 1-year high of $486.54.

Gartner (NYSE:IT) last released its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company earned $2.88 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that Gartner, Inc. will post 11.55 EPS for the current year.

Insider Buying and Selling

In other news, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at approximately $5,557,857. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Valentin Sribar sold 682 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the transaction, the executive vice president now owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Smith sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the sale, the director now owns 638,235 shares in the company, valued at approximately $290,396,925. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,952 shares of company stock valued at $10,598,070. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price objective on Gartner from $421.00 to $446.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. UBS Group lowered their target price on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Robert W. Baird cut their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets reduced their price target on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $474.50.

Gartner 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.