Healthcare of Ontario Pension Plan Trust Fund Has $51.05 Million Stock Holdings in Gartner, Inc. $IT

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Gartner, Inc. (NYSE:IT) by 169.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,349 shares of the information technology services provider’s stock after acquiring an additional 127,251 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.28% of Gartner worth $51,049,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Gartner by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 10,082,185 shares of the information technology services provider’s stock valued at $2,650,304,000 after acquiring an additional 509,902 shares in the last quarter. Bamco Inc. NY raised its holdings in Gartner by 18.3% in the 3rd quarter. Bamco Inc. NY now owns 4,322,113 shares of the information technology services provider’s stock valued at $1,136,154,000 after acquiring an additional 669,352 shares in the last quarter. Capital International Investors raised its holdings in Gartner by 28.3% in the 4th quarter. Capital International Investors now owns 4,004,093 shares of the information technology services provider’s stock valued at $1,010,153,000 after acquiring an additional 884,250 shares in the last quarter. State Street Corp raised its holdings in Gartner by 2.8% in the 3rd quarter. State Street Corp now owns 3,510,206 shares of the information technology services provider’s stock valued at $922,728,000 after acquiring an additional 96,809 shares in the last quarter. Finally, Independent Franchise Partners LLP acquired a new position in Gartner in the 3rd quarter valued at $840,166,000. 91.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on IT. UBS Group dropped their price objective on Gartner from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Friday. The Goldman Sachs Group set a $162.00 price target on Gartner in a research note on Tuesday, May 5th. Morgan Stanley decreased their price target on Gartner from $200.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada decreased their price target on Gartner from $175.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Barclays decreased their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $176.10.

Gartner Trading Down 0.1%

Shares of IT opened at $148.07 on Monday. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $413.26. The business’s fifty day moving average is $155.07 and its 200-day moving average is $184.99. The company has a debt-to-equity ratio of 46.98, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 0.81 and a beta of 0.94.

Gartner (NYSE:IT) last issued 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. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities analysts anticipate that Gartner, Inc. will post 13.7 EPS for the current fiscal year.

Gartner Company 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.