Gartner, Inc. (NYSE:IT) Stock Holdings Increased by Natixis Advisors L.P.

Natixis Advisors L.P. grew its position in shares of Gartner, Inc. (NYSE:IT) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,074 shares of the information technology services provider’s stock after buying an additional 158 shares during the period. Natixis Advisors L.P. owned about 0.06% of Gartner worth $22,588,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Gartner by 4.6% in the third quarter. Morgan Stanley now owns 2,157,075 shares of the information technology services provider’s stock worth $741,193,000 after purchasing an additional 95,040 shares during the period. Principal Financial Group Inc. grew its position in shares of Gartner by 30.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,565,046 shares of the information technology services provider’s stock valued at $537,766,000 after buying an additional 364,128 shares during the last quarter. Invesco Ltd. raised its stake in Gartner by 6.7% during the third quarter. Invesco Ltd. now owns 740,957 shares of the information technology services provider’s stock worth $254,600,000 after acquiring an additional 46,425 shares during the period. Mackenzie Financial Corp lifted its holdings in Gartner by 26.3% in the fourth quarter. Mackenzie Financial Corp now owns 629,969 shares of the information technology services provider’s stock worth $284,185,000 after acquiring an additional 131,222 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Gartner by 0.3% in the third quarter. California Public Employees Retirement System now owns 463,706 shares of the information technology services provider’s stock valued at $159,334,000 after acquiring an additional 1,401 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at approximately $5,557,857. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director James C. Smith sold 5,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $455.00, for a total value of $2,275,000.00. Following the completion of the transaction, the director now owns 638,235 shares of the company’s stock, valued at $290,396,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Valentin Sribar sold 682 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $453.00, for a total value of $308,946.00. Following the completion of the transaction, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock valued at $10,598,070 in the last three months. Company insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on IT. Robert W. Baird reduced their price objective on Gartner from $536.00 to $517.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective for the company. BMO Capital Markets reduced their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a report on Thursday. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, UBS Group lowered their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $474.50.

Gartner Stock Up 2.3 %

Shares of Gartner stock opened at $428.64 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock has a 50 day moving average price of $462.52 and a two-hundred day moving average price of $441.53. The stock has a market capitalization of $33.42 billion, a P/E ratio of 42.65, a PEG ratio of 3.44 and a beta of 1.32. Gartner, Inc. has a 12-month low of $295.43 and a 12-month high of $486.54.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $2.88 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current year.

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.