Natixis Raises Stake in Gartner, Inc. (NYSE:IT)

Natixis boosted its stake in Gartner, Inc. (NYSE:IT) by 268.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,928 shares of the information technology services provider’s stock after acquiring an additional 18,894 shares during the quarter. Natixis’ holdings in Gartner were worth $12,359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new position in Gartner in the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC purchased a new position in Gartner in the 4th quarter worth approximately $27,000. MCF Advisors LLC acquired a new position in shares of Gartner in the 4th quarter valued at approximately $27,000. AdvisorNet Financial Inc raised its position in shares of Gartner by 59.5% in the 4th quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Finally, DSM Capital Partners LLC acquired a new position in shares of Gartner in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, Director James C. Smith sold 10,000 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $439.29, for a total value of $4,392,900.00. Following the completion of the transaction, the director now owns 599,074 shares of the company’s stock, valued at $263,167,217.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Alwyn Dawkins sold 600 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $447.63, for a total value of $268,578.00. Following the completion of the transaction, the executive vice president now owns 51,583 shares of the company’s stock, valued at $23,090,098.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $439.29, for a total value of $4,392,900.00. Following the transaction, the director now directly owns 599,074 shares of the company’s stock, valued at approximately $263,167,217.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,544 shares of company stock valued at $10,079,813. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IT shares. UBS Group cut their target price on Gartner from $550.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. BMO Capital Markets cut their target price on Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a research report on Tuesday, April 16th. They issued a “hold” rating and a $507.00 target price on the stock. StockNews.com lowered Gartner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Morgan Stanley upped their target price on Gartner from $440.00 to $470.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $478.50.

Gartner Stock Performance

Shares of IT stock traded up $4.38 on Thursday, hitting $461.80. 396,110 shares of the stock traded hands, compared to its average volume of 401,466. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $35.85 billion, a PE ratio of 45.94, a PEG ratio of 4.06 and a beta of 1.33. Gartner, Inc. has a 1-year low of $323.61 and a 1-year high of $486.54. The company’s fifty day moving average is $445.20 and its 200 day moving average is $453.38.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 141.55% and a net margin of 13.35%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $2.88 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts predict that Gartner, Inc. will post 11.63 earnings per share for the current fiscal year.

Gartner Company 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.