TechTarget, Inc. (NASDAQ:TTGT) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of TechTarget, Inc. (NASDAQ:TTGT) by 31.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,545 shares of the information services provider’s stock after buying an additional 3,260 shares during the period. BNP Paribas Financial Markets’ holdings in TechTarget were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp grew its position in TechTarget by 10.0% in the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider’s stock worth $776,000 after acquiring an additional 2,254 shares during the period. Rice Hall James & Associates LLC grew its holdings in shares of TechTarget by 21.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 242,545 shares of the information services provider’s stock worth $7,560,000 after purchasing an additional 42,374 shares during the period. American Century Companies Inc. increased its position in shares of TechTarget by 14.4% during the 2nd quarter. American Century Companies Inc. now owns 34,576 shares of the information services provider’s stock worth $1,078,000 after purchasing an additional 4,352 shares during the last quarter. BOKF NA purchased a new stake in TechTarget in the 2nd quarter valued at about $239,000. Finally, Envestnet Asset Management Inc. lifted its position in TechTarget by 2.6% in the second 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 last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Trading Down 2.9 %

TTGT opened at $21.33 on Monday. The business has a fifty day moving average price of $28.17 and a 200 day moving average price of $28.45. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. TechTarget, Inc. has a 12 month low of $20.77 and a 12 month high of $33.08. The stock has a market capitalization of $623.69 million, a price-to-earnings ratio of -50.79, a PEG ratio of 12.04 and a beta of 1.04.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings data on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The business had revenue of $58.47 million during the quarter, compared to the consensus estimate of $58.14 million. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts expect that TechTarget, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TTGT. Craig Hallum boosted their price target on shares of TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. StockNews.com started coverage on TechTarget in a research report on Thursday, December 5th. They issued a “hold” rating on the stock. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of TechTarget in a research report on Wednesday, November 13th. Finally, KeyCorp cut their price objective on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.17.

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'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.