Natixis Trims Stake in Gartner, Inc. (NYSE:IT)

Natixis lowered its stake in shares of Gartner, Inc. (NYSE:IT - Free Report) by 95.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 446 shares of the information technology services provider's stock after selling 9,227 shares during the quarter. Natixis' holdings in Gartner were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IT. Kestra Investment Management LLC bought a new position in Gartner during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gartner during the fourth quarter valued at approximately $49,000. Promus Capital LLC bought a new position in shares of Gartner in the fourth quarter worth approximately $57,000. Hurley Capital LLC purchased a new position in shares of Gartner in the fourth quarter worth $73,000. Finally, Global Retirement Partners LLC raised its holdings in Gartner by 14.0% during the 4th quarter. Global Retirement Partners LLC now owns 276 shares of the information technology services provider's stock valued at $134,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Insider Activity at Gartner

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

Gartner Price Performance

NYSE:IT traded down $1.48 during trading hours on Friday, hitting $416.37. 714,574 shares of the stock traded hands, compared to its average volume of 453,869. The stock has a 50 day moving average price of $437.85 and a 200 day moving average price of $488.82. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The company has a market cap of $31.98 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.30 and a beta of 1.26. Gartner, Inc. has a 1 year low of $366.05 and a 1 year high of $584.01.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $2.23. Gartner had a net margin of 20.00% and a return on equity of 116.56%. The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. During the same quarter in the previous year, the company earned $3.04 EPS. Gartner's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Gartner, Inc. will post 12.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Barclays cut their price target on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley decreased their price objective on shares of Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. Robert W. Baird cut their target price on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Wells Fargo & Company reduced their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $513.63.

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.