Natixis Advisors LLC Raises Holdings in Gartner, Inc. (NYSE:IT)

Natixis Advisors LLC lifted its holdings in shares of Gartner, Inc. (NYSE:IT) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.32% of Gartner worth $119,465,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. increased its position in Gartner by 5.5% during the third quarter. Principal Financial Group Inc. now owns 2,001,142 shares of the information technology services provider’s stock worth $1,014,099,000 after buying an additional 103,814 shares in the last quarter. Apollon Wealth Management LLC increased its position in Gartner by 19.4% during the third quarter. Apollon Wealth Management LLC now owns 1,014 shares of the information technology services provider’s stock worth $514,000 after buying an additional 165 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in Gartner by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 507 shares of the information technology services provider’s stock worth $257,000 after buying an additional 25 shares in the last quarter. Aigen Investment Management LP purchased a new position in Gartner during the third quarter worth $206,000. Finally, Aptus Capital Advisors LLC increased its position in Gartner by 10.4% during the third quarter. Aptus Capital Advisors LLC now owns 868 shares of the information technology services provider’s stock worth $440,000 after buying an additional 82 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

Gartner Stock Up 1.2 %

Shares of NYSE IT opened at $457.45 on Friday. Gartner, Inc. has a 1 year low of $411.15 and a 1 year high of $584.01. The firm has a market cap of $35.14 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.30 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day simple moving average is $508.08 and its 200-day simple moving average is $509.45.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

Insider Activity at Gartner

In related news, SVP John J. Rinello sold 90 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $530.51, for a total value of $47,745.90. Following the completion of the sale, the senior vice president now directly owns 3,259 shares of the company’s stock, valued at $1,728,932.09. The trade was a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eileen Serra sold 1,200 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 of the company’s stock, valued at approximately $796,855.79. This 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IT shares. Robert W. Baird raised their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a report on Friday, January 10th. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Morgan Stanley decreased their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $552.63.

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.