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

Wedge Capital Management L L P NC bought a new position in shares of Gartner, Inc. (NYSE:IT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,130 shares of the information technology services provider’s stock, valued at approximately $8,610,000.

Other hedge funds have also added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in Gartner in the fourth quarter valued at approximately $40,000. True Wealth Design LLC grew its position in shares of Gartner by 1,130.8% during the 3rd quarter. True Wealth Design LLC now owns 160 shares of the information technology services provider’s stock worth $42,000 after buying an additional 147 shares during the period. Versant Capital Management Inc grew its position in shares of 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 worth $47,000 after buying an additional 167 shares during the period. Osterweis Capital Management Inc. bought a new stake in shares of Gartner in the 2nd quarter valued at $48,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Gartner in the 3rd quarter valued at $58,000. 91.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IT. Weiss Ratings reissued a “sell (d+)” rating on shares of Gartner in a research note on Thursday, January 22nd. Barclays decreased their price target on shares of Gartner from $260.00 to $180.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. UBS Group dropped their price objective on shares of Gartner from $180.00 to $166.00 and set a “neutral” rating on the stock in a report on Thursday. Wells Fargo & Company cut their price objective on shares of Gartner from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of Gartner in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $188.30.

Gartner Stock Performance

NYSE IT opened at $155.55 on Friday. The company has a fifty day simple moving average of $173.08 and a 200 day simple moving average of $218.51. Gartner, Inc. has a 12-month low of $139.18 and a 12-month high of $451.73. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 9.30. The company has a market cap of $10.96 billion, a P/E ratio of 16.12, a PEG ratio of 1.56 and a beta of 1.08.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.50 by $0.44. Gartner had a net margin of 11.22% and a return on equity of 102.20%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the company posted $5.45 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Gartner has set its FY 2026 guidance at 12.300- EPS. Sell-side analysts predict that Gartner, Inc. will post 12.5 earnings per share for the current fiscal year.

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 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.