Natixis Advisors LLC Increases Stock Position in Gartner, Inc. (NYSE:IT)

Natixis Advisors LLC boosted its stake in Gartner, Inc. (NYSE:IT - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 246,590 shares of the information technology services provider's stock after buying an additional 15,651 shares during the period. Natixis Advisors LLC owned approximately 0.32% of Gartner worth $119,465,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new stake in shares of Gartner in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in Gartner in the 4th quarter valued at about $49,000. True Wealth Design LLC grew its position in Gartner by 2,350.0% in the 3rd quarter. True Wealth Design LLC now owns 98 shares of the information technology services provider's stock valued at $50,000 after acquiring an additional 94 shares in the last quarter. Promus Capital LLC purchased a new stake in Gartner during the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC lifted its position in shares of Gartner by 14.0% during the fourth quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock worth $134,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IT. StockNews.com upgraded shares of Gartner from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Robert W. Baird upped their price objective on Gartner from $579.00 to $605.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Barclays upgraded Gartner from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $525.00 to $600.00 in a report on Friday, January 10th. The Goldman Sachs Group restated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Finally, Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Gartner has an average rating of "Moderate Buy" and an average target price of $552.63.

Remove Ads

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The shares were sold at an average price of $530.51, for a total value of $47,745.90. Following the transaction, the senior vice president now directly owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the sale, the director now owns 1,627 shares of the company's stock, valued at $796,855.79. This trade represents a 42.45 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Gartner Stock Up 0.2 %

IT stock traded up $0.92 during trading on Wednesday, hitting $448.70. 1,095,424 shares of the company's stock were exchanged, compared to its average volume of 381,667. The business has a 50-day moving average price of $506.00 and a two-hundred day moving average price of $509.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $34.47 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 3.30 and a beta of 1.29. Gartner, Inc. has a 52-week low of $411.15 and a 52-week high of $584.01.

Gartner (NYSE:IT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company's revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.04 EPS. As a group, equities research analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

About Gartner

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.