Wedge Capital Management L L P NC Purchases 13,776 Shares of Gartner, Inc. $IT

Wedge Capital Management L L P NC grew its position in Gartner, Inc. (NYSE:IT) by 34.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,196 shares of the information technology services provider’s stock after buying an additional 13,776 shares during the quarter. Wedge Capital Management L L P NC owned 0.08% of Gartner worth $7,025,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IT. Physician Wealth Advisors Inc. increased its stake in Gartner by 143.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 100 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. DV Equities LLC acquired a new stake in shares of Gartner in the 4th quarter valued at $25,000. Rakuten Securities Inc. increased its stake in shares of Gartner by 1,980.0% in the 4th quarter. Rakuten Securities Inc. now owns 104 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Gartner in the 4th quarter valued at $26,000. Finally, Elyxium Wealth LLC acquired a new position in shares of Gartner during the 4th quarter worth $28,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IT shares. Wells Fargo & Company upped their price objective on Gartner from $120.00 to $150.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial set a $205.00 target price on Gartner in a research report on Wednesday, August 5th. Zacks Research raised Gartner from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Morgan Stanley set a $177.00 target price on shares of Gartner in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised their price target on shares of Gartner from $162.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.50.

Insider Buying and Selling

In other Gartner news, EVP Yvonne Genovese sold 1,205 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $190.06, for a total value of $229,022.30. Following the completion of the transaction, the executive vice president directly owned 6,208 shares in the company, valued at approximately $1,179,892.48. This represents a 16.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anne Sutherland Fuchs sold 860 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $184.30, for a total transaction of $158,498.00. Following the transaction, the director directly owned 8,097 shares of the company’s stock, valued at $1,492,277.10. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.60% of the company’s stock.

Key Gartner News

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Recent earnings exceeded expectations. Gartner reported quarterly adjusted EPS of $4.37, above the $3.76 consensus estimate, while revenue of $1.68 billion also topped forecasts. EPS increased from $3.53 a year earlier, indicating continued profitability and cost discipline. Gartner Q2 2026 earnings call transcript
• Positive Sentiment: AI spending trends remain a potential tailwind. Gartner forecasts global AI infrastructure spending will nearly double to $42.3 billion in 2026, supporting long-term demand for technology research and advisory services, although this is an industry forecast rather than revised company guidance. Gartner AI infrastructure spending forecast
• Neutral Sentiment: Analyst views remain mixed. Recent targets range from $120 to $205, with a median target of $162 and a consensus rating of “Hold.” This suggests investors see valuation support from earnings but limited confidence in a near-term growth reacceleration.
• Negative Sentiment: Contract value growth and consulting demand are weak. Gartner’s first-quarter 2026 global contract value increased only 1% on an FX-neutral basis, while consulting revenue declined sharply year over year. These trends raise concerns about the durability of Gartner’s subscription-like revenue base and broader demand.
• Negative Sentiment: Revenue growth remains subdued. Despite the quarterly beat, revenue declined 0.6% from the prior year. Investors are questioning whether strong earnings can continue without a meaningful improvement in contract value growth and consulting activity.
• Negative Sentiment: Insider selling adds to cautious sentiment. Three insiders sold shares during the past six months, including EVP Yvonne Genovese’s sale of 1,205 shares for approximately $229,000 and Director Anne Sutherland Fuchs’s sale of 860 shares for roughly $158,500. These transactions are not proof of deteriorating fundamentals but may weigh modestly on investor confidence. SEC insider transaction filing
• Negative Sentiment: Shareholder litigation scrutiny has emerged. Bernstein Liebhard LLP announced an investigation into potential breaches of fiduciary duty by certain Gartner directors and officers. The announcement contains no finding of wrongdoing, but it introduces an additional headline risk for shareholders. Gartner shareholder investigation alert

Gartner Price Performance

Shares of IT opened at $179.88 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.98. The stock has a market cap of $12.04 billion, a PE ratio of 16.13, a PEG ratio of 0.62 and a beta of 0.94. Gartner, Inc. has a 12-month low of $124.25 and a 12-month high of $265.85. The business has a 50-day simple moving average of $147.34 and a two-hundred day simple moving average of $156.52.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 4th. The information technology services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.61. Gartner had a return on equity of 525.46% and a net margin of 11.99%.The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted $3.53 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Gartner has set its FY 2026 guidance at 14.000- EPS. Analysts anticipate that Gartner, Inc. will post 14.44 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.