Renaissance Investment Management sold its position in Gartner during the first quarter of 2026, citing a deterioration in fundamental factors and several quarters of disappointing operating results. The firm had previously expected Gartner to benefit from AI adoption, but instead saw demand moderate as companies reevaluate their technology roadmaps and consider whether AI can replace some of Gartner's services. Gartner shares lost 63.78% over the past 52 weeks, closing at $148.17 on June 16, 2026, with a market capitalization of $9.92 billion. The number of hedge funds holding Gartner fell to 36 from 50 in the previous quarter. Renaissance Investment Management believes these external challenges will likely persist, making it prudent to move to the sidelines.
Gartner IncDemand for Gartner's services is moderating as companies reevaluate tech roadmaps and consider AI replacing Gartner.