Wedge Capital Management L L P NC Buys New Position in Gartner, Inc. $IT

Wedge Capital Management L L P NC acquired a new position in shares of Gartner, Inc. (NYSE:IT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 34,130 shares of the information technology services provider’s stock, valued at approximately $8,610,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Aventura Private Wealth LLC bought a new position in Gartner during the fourth quarter valued at about $40,000. True Wealth Design LLC boosted its holdings in shares of Gartner by 1,130.8% in the third quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 147 shares during the period. Versant Capital Management Inc grew its holdings in Gartner by 1,284.6% during the 3rd quarter. Versant Capital Management Inc now owns 180 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 167 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of Gartner during the second quarter valued at about $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Gartner during the third quarter valued at about $58,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada set a $175.00 target price on shares of Gartner in a report on Wednesday, February 4th. The Goldman Sachs Group restated a “buy” rating and set a $220.00 price target on shares of Gartner in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft set a $204.00 price target on shares of Gartner in a report on Wednesday, February 4th. Morgan Stanley dropped their price objective on Gartner from $275.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 4th. Finally, UBS Group decreased their target price on Gartner from $180.00 to $166.00 and set a “neutral” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $188.30.

Gartner News Roundup

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner research: analysts and industry press highlight that large language models (LLMs) could become up to 100x more cost-efficient by 2030 — a structural tailwind for Gartner’s advisory and AI-related services over the medium/long term. Gartner: LLMs to be up to 100X more cost-efficient by 2030
• Neutral Sentiment: UBS trimmed its price target (from $180 to $166) and kept a neutral rating — a modest recalibration of expectations but not a hard downgrade to underweight. UBS lowers Gartner price target to $166 – Benzinga
• Negative Sentiment: Wells Fargo cut its price target to $140 and moved to an “underweight” stance, citing the Iran conflict and its potential to rattle enterprise spending — a clear near-term negative for demand expectations. Gartner Price Target Lowered to $140 by Wells Fargo
• Negative Sentiment: Multiple law firms and plaintiff notices: several firms (PR Newswire / GlobeNewswire / Newsfile releases) are soliciting Gartner shareholders and filing or publicizing a securities class action alleging misrepresentations about consulting outlooks and contract values — increasing legal uncertainty and potential future litigation costs. Gartner shareholders have opportunity to lead securities fraud lawsuit – PR Newswire
• Negative Sentiment: Additional class-action notices from multiple firms (Bronstein, Grossman, Faruqi, Rosen, Pomerantz, Bernstein Liebhard, etc.) emphasize the May 18, 2026 lead-plaintiff deadline and allege investor harm during the Feb 4, 2025–Feb 2, 2026 period — this volume of filings raises near-term headline risk and could pressure sentiment absent clarifying company commentary. Bronstein urges Gartner investors to act – GlobeNewswire

Gartner Stock Performance

Gartner stock opened at $155.55 on Friday. Gartner, Inc. has a fifty-two week low of $139.18 and a fifty-two week high of $451.73. The company has a debt-to-equity ratio of 9.30, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $10.96 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The firm’s fifty day moving average price is $173.08 and its 200-day moving average price is $218.51.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.44. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. On average, equities research analysts expect that Gartner, Inc. will post 12.5 earnings per share 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.