Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Gartner, Inc. (NYSE:IT)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Gartner, Inc. (NYSE:IT) by 136.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,189 shares of the information technology services provider’s stock after buying an additional 6,456 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Gartner were worth $5,047,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IT. Norges Bank purchased a new stake in shares of Gartner in the 4th quarter valued at approximately $388,781,000. First Trust Advisors LP increased its holdings in Gartner by 830.4% in the fourth quarter. First Trust Advisors LP now owns 514,230 shares of the information technology services provider’s stock valued at $231,974,000 after buying an additional 458,963 shares during the last quarter. American Century Companies Inc. raised its stake in Gartner by 888.4% in the third quarter. American Century Companies Inc. now owns 300,106 shares of the information technology services provider’s stock valued at $103,119,000 after buying an additional 269,744 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Gartner during the 3rd quarter worth about $83,588,000. Finally, Wellington Management Group LLP boosted its position in shares of Gartner by 12.0% during the 4th quarter. Wellington Management Group LLP now owns 1,852,820 shares of the information technology services provider’s stock worth $835,826,000 after acquiring an additional 198,274 shares in the last quarter. 91.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. BMO Capital Markets reduced their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird dropped their target price on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. UBS Group reduced their price target on shares of Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, StockNews.com raised Gartner from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Gartner has a consensus rating of “Moderate Buy” and a consensus price target of $474.50.

Insider Buying and Selling at Gartner

In other Gartner news, Director James C. Smith sold 10,000 shares of Gartner stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $455.20, for a total value of $4,552,000.00. Following the transaction, the director now directly owns 608,369 shares in the company, valued at approximately $276,929,568.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anne Sutherland Fuchs sold 705 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $428.99, for a total transaction of $302,437.95. Following the completion of the transaction, the director now directly owns 8,524 shares of the company’s stock, valued at $3,656,710.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Smith sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $455.20, for a total transaction of $4,552,000.00. Following the completion of the sale, the director now owns 608,369 shares of the company’s stock, valued at approximately $276,929,568.80. The disclosure for this sale can be found here. Insiders sold a total of 22,544 shares of company stock valued at $10,079,813 in the last ninety days. Insiders own 3.60% of the company’s stock.

Gartner Stock Up 0.9 %

IT stock opened at $446.50 on Wednesday. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of 3.78 and a beta of 1.32. The company has a fifty day moving average price of $440.58 and a 200 day moving average price of $452.14. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.91 and a quick ratio of 0.91. Gartner, Inc. has a 12 month low of $323.61 and a 12 month high of $486.54.

Gartner (NYSE:IT) last posted its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.40. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the business posted $2.88 earnings per share. Gartner’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts expect that Gartner, Inc. will post 11.55 earnings per share for the current year.

Gartner Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.