Gartner, Inc. (NYSE:IT) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in Gartner, Inc. (NYSE:IT - Free Report) by 15.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,939 shares of the information technology services provider's stock after purchasing an additional 30,842 shares during the quarter. Natixis Advisors LLC owned 0.30% of Gartner worth $117,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IT. Eastern Bank acquired a new stake in shares of Gartner during the third quarter valued at about $26,000. Crewe Advisors LLC boosted its holdings in Gartner by 223.3% in the second 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 during the 3rd quarter valued at approximately $44,000. Fortitude Family Office LLC increased its holdings 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 raised its position in shares of Gartner by 46.5% in 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. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Buying and Selling

In other Gartner news, Director James C. Smith sold 17,533 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the completion of the transaction, the director now owns 532,294 shares in the company, valued at approximately $291,212,724.46. The trade was a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eugene A. Hall sold 34,060 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $505.40, for a total value of $17,213,924.00. Following the transaction, the chief executive officer now directly owns 1,143,401 shares in the company, valued at $577,874,865.40. This trade represents a 2.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,172 shares of company stock valued at $38,023,255 in the last quarter. Company insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

IT has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Gartner from $490.00 to $528.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Bank of America boosted their target price on shares of Gartner from $525.00 to $580.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. UBS Group upped their target price on shares of Gartner from $510.00 to $580.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Gartner from $529.00 to $531.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price objective on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $539.25.

Gartner Stock Performance

Shares of NYSE:IT traded down $14.24 during trading on Friday, hitting $522.86. 460,026 shares of the company traded hands, compared to its average volume of 369,857. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. The business's fifty day moving average is $518.32 and its 200-day moving average is $477.49. The stock has a market capitalization of $40.29 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 3.45 and a beta of 1.32. Gartner, Inc. has a one year low of $411.15 and a one year high of $559.00.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.56 EPS. As a group, equities analysts predict that Gartner, Inc. will post 11.89 earnings per share for the current fiscal year.

Gartner Company 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.