Natixis Advisors LLC Has $69.65 Million Position in Gartner, Inc. $IT

Natixis Advisors LLC lowered its holdings in shares of Gartner, Inc. (NYSE:IT) by 16.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,085 shares of the information technology services provider’s stock after selling 53,711 shares during the period. Natixis Advisors LLC’s holdings in Gartner were worth $69,651,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Physician Wealth Advisors Inc. boosted its stake in Gartner by 143.9% during the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Gartner by 1,980.0% during the fourth quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Entrust Financial LLC acquired a new stake in Gartner during the fourth quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in Gartner during the fourth quarter worth $28,000. Finally, Activest Wealth Management boosted its stake in Gartner by 11,600.0% during the fourth quarter. Activest Wealth Management now owns 117 shares of the information technology services provider’s stock worth $30,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 4.7%

Shares of IT stock opened at $171.12 on Wednesday. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $433.43. The company has a market capitalization of $11.46 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.99 and a beta of 0.94. The firm has a 50-day moving average price of $154.58 and a 200 day moving average price of $189.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 46.98.

Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.33. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $2.98 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Gartner has set its FY 2026 guidance at 13.250- EPS. Research analysts forecast that Gartner, Inc. will post 13.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Robert W. Baird set a $240.00 price objective on Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group set a $162.00 target price on shares of Gartner in a report on Tuesday, May 5th. UBS Group increased their target price on shares of Gartner from $166.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Truist Financial cut their price target on shares of Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $176.70.

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.