Natixis Advisors LLC Acquires 30,842 Shares of Gartner, Inc. (NYSE:IT)

Natixis Advisors LLC lifted its position in shares of Gartner, Inc. (NYSE:IT) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,939 shares of the information technology services provider’s stock after buying an additional 30,842 shares during the period. Natixis Advisors LLC owned about 0.30% of Gartner worth $117,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IT. Eastern Bank bought a new position in shares of Gartner during the third quarter worth approximately $26,000. Crewe Advisors LLC increased its stake in shares of 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 buying an additional 67 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Gartner in the 3rd quarter valued at $44,000. Fortitude Family Office LLC grew 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 acquiring an additional 20 shares during the period. Finally, Asset Dedication LLC lifted its stake in Gartner by 46.5% in the third quarter. Asset Dedication LLC now owns 148 shares of the information technology services provider’s stock valued at $75,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Analysts Set New Price Targets

IT has been the topic of a number of research reports. StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Bank of America raised their target price on Gartner from $525.00 to $580.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted 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. Finally, Barclays increased their price target on shares of Gartner from $470.00 to $525.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $539.25.

Gartner Stock Performance

Shares of NYSE:IT opened at $522.77 on Friday. Gartner, Inc. has a 12 month low of $411.15 and a 12 month high of $559.00. The firm’s 50-day moving average is $518.32 and its 200 day moving average is $477.49. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 3.45 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last announced its earnings results 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. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the company posted $2.56 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. Research analysts predict that Gartner, Inc. will post 11.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director James C. Smith sold 2,450 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $554.68, for a total transaction of $1,358,966.00. Following the completion of the sale, the director now owns 529,844 shares of the company’s stock, valued at approximately $293,893,869.92. This represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $506.01, for a total transaction of $241,872.78. Following the sale, the executive vice president now owns 1,905 shares of the company’s stock, valued at approximately $963,949.05. The trade was a 20.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,172 shares of company stock valued at $38,023,255. 3.60% of the stock is owned by insiders.

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.