State of Alaska Department of Revenue lessened its stake in shares of TechTarget, Inc. (NASDAQ:TTGT – Free Report) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,993 shares of the information services provider’s stock after selling 1,296 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of TechTarget worth $528,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its holdings in shares of TechTarget by 51.6% during the first quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider’s stock valued at $67,000 after acquiring an additional 282 shares in the last quarter. State of Wyoming increased its holdings in TechTarget by 121.2% in the 4th quarter. State of Wyoming now owns 1,208 shares of the information services provider’s stock worth $53,000 after buying an additional 662 shares in the last quarter. Captrust Financial Advisors increased its holdings in TechTarget by 70.6% in the 1st quarter. Captrust Financial Advisors now owns 1,612 shares of the information services provider’s stock worth $131,000 after buying an additional 667 shares in the last quarter. Point72 Middle East FZE bought a new stake in shares of TechTarget during the 4th quarter valued at about $73,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of TechTarget by 65.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,104 shares of the information services provider’s stock valued at $125,000 after purchasing an additional 834 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.
TechTarget Trading Down 3.1 %
Shares of NASDAQ TTGT opened at $26.53 on Friday. TechTarget, Inc. has a twelve month low of $26.00 and a twelve month high of $67.84. The company has a current ratio of 9.84, a quick ratio of 9.84 and a debt-to-equity ratio of 2.26. The stock has a fifty day simple moving average of $28.92 and a 200-day simple moving average of $31.81. The stock has a market capitalization of $738.06 million, a PE ratio of 31.21 and a beta of 0.91.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Needham & Company LLC lowered their price target on TechTarget from $55.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 9th. StockNews.com started coverage on TechTarget in a research note on Thursday, October 5th. They set a “hold” rating for the company. UBS Group started coverage on TechTarget in a research note on Monday, September 25th. They issued a “neutral” rating and a $31.00 price target for the company. The Goldman Sachs Group raised their price objective on TechTarget from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Wednesday, August 9th. Finally, JPMorgan Chase & Co. dropped their target price on TechTarget from $36.00 to $32.00 and set an “underweight” rating on the stock in a report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.11.
View Our Latest Stock Report on TTGT
TechTarget Company Profile
TechTarget, Inc, together with its subsidiaries, provides marketing and sales services that deliver business impact for business-to-business technology companies in North America and internationally. The company provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.
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