Gartner, Inc. $IT Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in shares of Gartner, Inc. (NYSE:IT) by 41.2% during the third quarter, HoldingsChannel.com reports. The firm owned 329,796 shares of the information technology services provider’s stock after purchasing an additional 96,251 shares during the period. Natixis Advisors LLC’s holdings in Gartner were worth $86,693,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Addison Advisors LLC acquired a new position in shares of Gartner during the 2nd quarter worth approximately $27,000. True Wealth Design LLC grew its stake in Gartner by 1,130.8% in the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 147 shares during the period. Versant Capital Management Inc increased its holdings in Gartner by 1,284.6% in the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock worth $47,000 after acquiring an additional 167 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Gartner during the second quarter worth $48,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Gartner during the third quarter valued at $58,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Stephen G. Pagliuca bought 43,300 shares of the stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $229.57 per share, with a total value of $9,940,381.00. Following the completion of the purchase, the director directly owned 111,613 shares in the company, valued at $25,622,996.41. This represents a 63.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by company insiders.

Gartner Stock Performance

Gartner stock opened at $169.02 on Monday. The firm has a 50 day simple moving average of $198.32 and a 200-day simple moving average of $227.48. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 9.30, a current ratio of 1.00 and a quick ratio of 1.00. Gartner, Inc. has a 1-year low of $139.18 and a 1-year high of $485.33.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.44. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Gartner had a return on equity of 102.20% and a net margin of 11.22%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IT. Wells Fargo & Company dropped their target price on shares of Gartner from $218.00 to $150.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on Gartner in a report on Wednesday, February 4th. Royal Bank Of Canada set a $175.00 target price on Gartner in a report on Wednesday, February 4th. Robert W. Baird set a $240.00 target price on Gartner in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $220.00 price target on shares of Gartner in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $190.70.

About Gartner

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.