Natixis Advisors LLC Buys 3,398 Shares of Gartner, Inc. (NYSE:IT)

Key Points

• Natixis Advisors LLC has increased its holdings in Gartner, Inc. by 1.4%, owning approximately 0.33% of the company, valued at over $104 million.
• Gartner's stock faced varied price target adjustments from analysts, ranging from a low of $345 to a high of $535, with the consensus rating currently categorized as "Hold."
• Recent insider selling indicates decreased ownership among executives, with significant transactions reported by SVP John J. Rinello and EVP William James Wartinbee III in May.

Natixis Advisors LLC increased its position in shares of Gartner, Inc. (NYSE:IT - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,988 shares of the information technology services provider's stock after buying an additional 3,398 shares during the period. Natixis Advisors LLC owned about 0.33% of Gartner worth $104,930,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Cary Street Partners Financial LLC purchased a new stake in Gartner during the 4th quarter valued at about $27,000. Itau Unibanco Holding S.A. boosted its holdings in Gartner by 453.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 83 shares of the information technology services provider's stock worth $40,000 after buying an additional 68 shares during the last quarter. Olde Wealth Management LLC acquired a new stake in Gartner during the 1st quarter worth $42,000. GW&K Investment Management LLC lifted its position in Gartner by 210.8% during the first quarter. GW&K Investment Management LLC now owns 115 shares of the information technology services provider's stock worth $48,000 after buying an additional 78 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of Gartner during the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley lowered their target price on Gartner from $490.00 to $455.00 and set an "equal weight" rating for the company in a report on Thursday. The Goldman Sachs Group reduced their price target on Gartner from $622.00 to $535.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. UBS Group reduced their target price on Gartner from $500.00 to $480.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Barclays decreased their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Wells Fargo & Company decreased their price target on shares of Gartner from $400.00 to $345.00 and set an "underweight" rating for the company in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Gartner presently has an average rating of "Hold" and a consensus price target of $482.57.

Insider Activity

In other Gartner news, EVP William James Wartinbee III sold 538 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $449.09, for a total transaction of $241,610.42. Following the transaction, the executive vice president owned 7,965 shares of the company's stock, valued at approximately $3,577,001.85. This represents a 6.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Rinello sold 109 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $436.35, for a total value of $47,562.15. Following the completion of the transaction, the senior vice president directly owned 3,280 shares in the company, valued at approximately $1,431,228. This trade represents a 3.22% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 5,426 shares of company stock valued at $2,430,327. Corporate insiders own 2.30% of the company's stock.

Gartner Stock Down 3.0%

Shares of NYSE:IT traded down $10.06 during midday trading on Friday, hitting $328.59. 1,286,149 shares of the stock were exchanged, compared to its average volume of 836,806. The company has a market capitalization of $25.29 billion, a PE ratio of 20.45 and a beta of 1.19. The business's fifty day simple moving average is $393.52 and its two-hundred day simple moving average is $437.88. Gartner, Inc. has a 52-week low of $326.93 and a 52-week high of $584.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.09.

Gartner (NYSE:IT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The information technology services provider reported $2.98 EPS for the quarter, beating analysts' consensus estimates of $2.72 by $0.26. Gartner had a net margin of 19.82% and a return on equity of 96.70%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $2.93 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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.