Public Sector Pension Investment Board Has $1.78 Million Stock Position in TechTarget, Inc. (NASDAQ:TTGT)

Public Sector Pension Investment Board grew its position in TechTarget, Inc. (NASDAQ:TTGT) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,206 shares of the information services provider’s stock after buying an additional 3,608 shares during the period. Public Sector Pension Investment Board’s holdings in TechTarget were worth $1,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of TechTarget by 5.1% in the 2nd quarter. Sei Investments Co. now owns 34,543 shares of the information services provider’s stock valued at $1,077,000 after buying an additional 1,690 shares during the period. Inspire Investing LLC grew its holdings in shares of TechTarget by 4.3% in the 2nd quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock valued at $355,000 after buying an additional 469 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of TechTarget by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 792,983 shares of the information services provider’s stock valued at $24,717,000 after buying an additional 8,681 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of TechTarget by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 319,976 shares of the information services provider’s stock valued at $9,974,000 after buying an additional 8,212 shares during the period. Finally, BOKF NA acquired a new position in shares of TechTarget in the 2nd quarter valued at $239,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Trading Down 0.5 %

TechTarget stock opened at $24.45 on Tuesday. The firm has a 50-day moving average of $27.12 and a 200-day moving average of $29.21. TechTarget, Inc. has a one year low of $23.11 and a one year high of $41.93. The company has a debt-to-equity ratio of 1.74, a current ratio of 9.35 and a quick ratio of 9.35. The company has a market cap of $698.54 million, a price-to-earnings ratio of -97.80, a P/E/G ratio of 27.62 and a beta of 1.07.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. TechTarget had a negative net margin of 3.84% and a positive return on equity of 5.92%. The company had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. During the same period in the prior year, the business posted $0.17 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that TechTarget, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TTGT has been the subject of several research analyst reports. Raymond James decreased their price target on shares of TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, August 12th. KeyCorp reduced their target price on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, August 12th. Finally, Needham & Company LLC reduced their target price on shares of TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.33.

About TechTarget

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's service enables technology vendors to identify, reach, and influence corporate information technology (IT) decision-makers actively researching specific IT purchases; and customized marketing programs that integrate demand generation, brand advertising techniques, and content curation and creation.