Natixis Has $216,000 Stock Holdings in Gartner, Inc. (NYSE:IT)

Natixis lowered its position in Gartner, Inc. (NYSE:IT - Free Report) by 95.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

Other hedge funds have also made changes to their positions in the company. Howard Capital Management Inc. grew its holdings in Gartner by 4.4% in the 4th quarter. Howard Capital Management Inc. now owns 452 shares of the information technology services provider's stock valued at $219,000 after buying an additional 19 shares during the period. Gilbert & Cook Inc. lifted its stake in shares of Gartner by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,364 shares of the information technology services provider's stock valued at $661,000 after purchasing an additional 20 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Gartner by 2.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 826 shares of the information technology services provider's stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC lifted its position in Gartner by 2.9% during the 4th quarter. Parallel Advisors LLC now owns 737 shares of the information technology services provider's stock worth $357,000 after acquiring an additional 21 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Gartner by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 917 shares of the information technology services provider's stock worth $444,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IT shares. Robert W. Baird reduced their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. UBS Group reduced their price target on Gartner from $565.00 to $500.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Gartner in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays cut their target price on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $513.63.

Gartner Stock Performance

NYSE:IT traded down $4.24 during mid-day trading on Wednesday, hitting $416.36. The stock had a trading volume of 82,748 shares, compared to its average volume of 451,584. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 3.30 and a beta of 1.26. The company has a 50 day simple moving average of $434.22 and a 200-day simple moving average of $487.62. Gartner, Inc. has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.81.

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

Insider Activity at Gartner

In other news, SVP John J. Rinello sold 90 shares of the business's 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eileen Serra sold 1,200 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $489.77, for a total transaction of $587,724.00. Following the transaction, 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 position. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

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.