TechTarget, Inc. (NASDAQ:TTGT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 611,513 shares of the information services provider’s stock after purchasing an additional 1,602 shares during the quarter. Geode Capital Management LLC’s holdings in TechTarget were worth $14,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in shares of TechTarget by 10.0% during the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider’s stock valued at $776,000 after purchasing an additional 2,254 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in TechTarget by 21.2% in 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 buying an additional 42,374 shares in the last quarter. American Century Companies Inc. grew its stake in TechTarget by 14.4% in the second quarter. American Century Companies Inc. now owns 34,576 shares of the information services provider’s stock valued at $1,078,000 after purchasing an additional 4,352 shares in the last quarter. BOKF NA acquired a new stake in shares of TechTarget in the 2nd quarter valued at $239,000. Finally, Envestnet Asset Management Inc. boosted its stake in TechTarget by 2.6% during 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 purchasing an additional 8,212 shares during the period. Institutional investors own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TTGT. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of TechTarget in a report on Wednesday, November 13th. KeyCorp lowered their price objective on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. StockNews.com began coverage on shares of TechTarget in a research report on Tuesday, December 24th. They issued a “hold” rating on the stock. Finally, Craig Hallum boosted their price objective on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.17.

TechTarget Trading Up 3.1 %

TTGT opened at $19.48 on Monday. 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 fifty-two week low of $18.26 and a fifty-two week high of $33.08. The company’s 50 day moving average price is $26.97 and its two-hundred day moving average price is $27.66. The firm has a market capitalization of $569.50 million, a price-to-earnings ratio of -46.38, a PEG ratio of 12.04 and a beta of 1.04.

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

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.