M&T Bank Corp Lowers Holdings in Gartner, Inc. $IT

Key Points

• M&T Bank Corp cut its stake in Gartner by 78.4% in Q4, selling 20,028 shares and leaving a 5,532-share position worth about $1.396 million, while institutional investors still own roughly 91.5% of the company.
• Analyst sentiment is mixed with an average rating of Hold and an average target of $180.40 after several downgrades and target cuts (Goldman Sachs and Wells Fargo among those lowering views).
• Gartner faces a mixed catalyst set: an AI-driven lift to IT spending (2026 forecast raised to $6.31 trillion) that supports its advisory business, but a securities class‑action legal overhang and potential litigation risk creating investor uncertainty.

M&T Bank Corp decreased its holdings in Gartner, Inc. (NYSE:IT - Free Report) by 78.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,532 shares of the information technology services provider's stock after selling 20,028 shares during the quarter. M&T Bank Corp's holdings in Gartner were worth $1,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank grew its holdings in shares of Gartner by 236.8% during the 4th quarter. Eastern Bank now owns 128 shares of the information technology services provider's stock worth $32,000 after purchasing an additional 90 shares during the period. Aventura Private Wealth LLC purchased a new stake in shares of Gartner during the 4th quarter worth about $40,000. True Wealth Design LLC grew its holdings 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 purchasing an additional 147 shares during the period. Versant Capital Management Inc grew its holdings 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 purchasing an additional 167 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Gartner during the 2nd quarter worth about $48,000. Hedge funds and other institutional investors own 91.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gartner in a report on Tuesday, April 21st. The Goldman Sachs Group cut Gartner from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $220.00 to $171.00 in a report on Monday. Robert W. Baird set a $240.00 target price on Gartner in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft set a $204.00 target price on Gartner in a report on Wednesday, February 4th. Finally, Wells Fargo & Company decreased their target price on Gartner from $150.00 to $140.00 and set an "underweight" rating for the company in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $180.40.

Key Stories Impacting Gartner

Here are the key news stories impacting Gartner this week:

• Positive Sentiment: Gartner raised the 2026 global IT spending forecast to $6.31 trillion, citing an AI‑driven boost to spending — a macro tailwind for Gartner’s research and advisory business and potential support for revenue growth. Gartner lifts 2026 IT spend forecast to $6.31tn on AI boom
• Positive Sentiment: A Gartner survey found 85% of service/support leaders are expanding human agent responsibilities even as AI reduces contact volume — this suggests sustained demand for advisory and workforce transformation services that Gartner sells. Gartner Survey Finds 85% of Service and Support Leaders are Expanding Human Agent Responsibilities
• Neutral Sentiment: Gartner research warned that ~40% of agentic AI projects may fail by 2027 — a cautionary finding that could temper some AI optimism but also highlights opportunities for advisory work (clients will pay for guidance to avoid failures). Gartner warns 40% of agentic AI projects may fail by 2027
• Negative Sentiment: Multiple law firms have issued investor alerts and a securities‑class‑action complaint covering purchases between Feb 4, 2025 and Feb 2, 2026; several firms (Rosen, Levi & Korsinsky, Faruqi & Faruqi, Pomerantz, Bernstein Liebhard, Gross) are soliciting lead‑plaintiff candidates with a May 18, 2026 deadline — creating a legal overhang, potential litigation costs and investor uncertainty. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Gartner, Inc. Investors to Secure Counsel IT Investor Alert: Gartner, Inc. Securities Fraud Lawsuit - Levi & Korsinsky IT DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Gartner Investors Pomerantz Investor Alert

Gartner Trading Up 0.2%

IT opened at $150.38 on Thursday. The firm has a market capitalization of $10.59 billion, a P/E ratio of 15.58, a P/E/G ratio of 0.91 and a beta of 1.05. The firm's 50 day moving average is $156.15 and its 200-day moving average is $202.47. Gartner, Inc. has a 52-week low of $139.18 and a 52-week high of $451.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 9.30.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The information technology services provider reported $3.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.50 by $0.44. The company had revenue of $1.75 billion for 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 business's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.45 earnings per share. Gartner has set its FY 2026 guidance at 12.300- EPS. Analysts expect that Gartner, Inc. will post 13.3 EPS for the current fiscal year.

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.

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