Healthcare of Ontario Pension Plan Trust Fund Purchases 127,251 Shares of Gartner, Inc. $IT

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Gartner, Inc. (NYSE:IT) by 169.4% during the fourth quarter, HoldingsChannel reports. The fund owned 202,349 shares of the information technology services provider’s stock after buying an additional 127,251 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gartner were worth $51,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brown Advisory Inc. grew its position in Gartner by 42.7% during the 4th quarter. Brown Advisory Inc. now owns 29,878 shares of the information technology services provider’s stock worth $7,537,000 after acquiring an additional 8,946 shares during the last quarter. Black Creek Investment Management Inc. lifted its holdings in Gartner by 400.2% during the 4th quarter. Black Creek Investment Management Inc. now owns 9,904 shares of the information technology services provider’s stock worth $2,499,000 after buying an additional 7,924 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Gartner by 16.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,066 shares of the information technology services provider’s stock worth $269,000 after buying an additional 147 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Gartner by 72.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 221 shares of the information technology services provider’s stock worth $56,000 after buying an additional 93 shares during the period. Finally, Marshall Wace LLP acquired a new position in Gartner during the 4th quarter worth about $35,753,000. Institutional investors own 91.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on IT shares. Morgan Stanley cut their target price on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada cut their target price on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Barclays cut their target price on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Wells Fargo & Company cut their target price on Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Finally, Weiss Ratings raised Gartner from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $176.10.

Gartner Stock Down 0.1%

Shares of NYSE:IT opened at $148.07 on Monday. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.81 and a beta of 0.94. The company has a debt-to-equity ratio of 46.98, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $155.07 and its 200-day moving average is $184.99. Gartner, Inc. has a 1 year low of $139.18 and a 1 year high of $413.26.

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, beating analysts’ consensus estimates of $2.99 by $0.33. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts predict that Gartner, Inc. will post 13.7 earnings per share for the current year.

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.