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

Natixis Advisors LLC lessened its stake in shares of Gartner, Inc. (NYSE:IT) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,085 shares of the information technology services provider’s stock after selling 53,711 shares during the period. Natixis Advisors LLC owned 0.38% of Gartner worth $69,651,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IT. Brighton Jones LLC acquired a new position in Gartner during the fourth quarter valued at approximately $309,000. Sivia Capital Partners LLC acquired a new position in Gartner during the second quarter valued at approximately $336,000. Cresset Asset Management LLC grew its holdings in Gartner by 15.2% during the second quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock valued at $585,000 after purchasing an additional 191 shares during the last quarter. Sei Investments Co. grew its holdings in Gartner by 9.2% during the second quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock valued at $36,867,000 after purchasing an additional 7,678 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Gartner by 111.5% during the second quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock valued at $38,523,000 after purchasing an additional 50,251 shares during the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Gartner Trading Down 4.7%

Shares of Gartner stock opened at $171.12 on Wednesday. The company’s fifty day simple moving average is $154.58 and its 200-day simple moving average is $189.38. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.99 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $433.43.

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

Analysts Set New Price Targets

IT has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Weiss Ratings downgraded shares of Gartner from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $204.00 price objective on shares of Gartner in a research note on Wednesday, February 4th. Truist Financial lowered their price objective on shares of Gartner from $300.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Morgan Stanley lowered their price objective on shares of Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $176.70.

Gartner Profile

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.