Healthcare of Ontario Pension Plan Trust Fund Has $55.84 Million Holdings in Gartner, Inc. $IT

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Gartner, Inc. (NYSE:IT) by 74.3% during the first quarter, Holdings Channel.com reports. The fund owned 352,627 shares of the information technology services provider’s stock after purchasing an additional 150,278 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gartner were worth $55,835,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Gartner during the fourth quarter worth approximately $309,000. Sivia Capital Partners LLC bought a new stake in shares of Gartner in the second quarter valued at approximately $336,000. Cresset Asset Management LLC grew its position 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 worth $585,000 after buying an additional 191 shares in the last quarter. Sei Investments Co. grew its position 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 worth $36,867,000 after buying an additional 7,678 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after acquiring an additional 50,251 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

IT has been the subject of several analyst reports. Morgan Stanley dropped their price objective on Gartner from $183.00 to $173.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. UBS Group reduced their target price on Gartner from $170.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Barclays dropped their price target on Gartner from $180.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Weiss Ratings raised shares of Gartner from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $162.00 price objective on shares of Gartner in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $173.10.

Gartner Trading Up 5.1%

IT opened at $140.56 on Friday. The company has a market cap of $9.41 billion, a P/E ratio of 13.89, a PEG ratio of 0.78 and a beta of 0.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 46.98. The company’s 50 day moving average is $144.85 and its 200-day moving average is $163.10. Gartner, Inc. has a 1-year low of $124.25 and a 1-year high of $359.36.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, May 5th. The information technology services provider reported $3.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.33. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Gartner had a net margin of 11.44% and a return on equity of 161.39%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.98 EPS. Gartner has set its FY 2026 guidance at 13.250- EPS. Equities research analysts predict that Gartner, Inc. will post 13.61 earnings per share for the current fiscal year.

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.