Louisiana State Employees Retirement System Has $303,000 Position in TechTarget, Inc. (NASDAQ:TTGT)

Louisiana State Employees Retirement System reduced its stake in TechTarget, Inc. (NASDAQ:TTGT) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the information services provider’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in TechTarget were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund Corp boosted its position in TechTarget by 2.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 22,630 shares of the information services provider’s stock worth $749,000 after buying an additional 456 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in TechTarget during the 1st quarter worth approximately $501,000. Swiss National Bank boosted its position in TechTarget by 2.2% during the 1st quarter. Swiss National Bank now owns 50,500 shares of the information services provider’s stock worth $1,671,000 after buying an additional 1,100 shares during the period. Sei Investments Co. boosted its position in TechTarget by 4.6% during the 1st quarter. Sei Investments Co. now owns 32,853 shares of the information services provider’s stock worth $1,087,000 after buying an additional 1,432 shares during the period. Finally, Inspire Investing LLC acquired a new stake in TechTarget during the 1st quarter worth approximately $361,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.

TechTarget Stock Performance

NASDAQ:TTGT opened at $29.99 on Thursday. The company has a fifty day moving average of $26.04 and a 200-day moving average of $28.50. The firm has a market capitalization of $876.91 million, a P/E ratio of -99.97, a P/E/G ratio of 31.81 and a beta of 1.03. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt-to-equity ratio of 1.74. TechTarget, Inc. has a twelve month low of $22.82 and a twelve month high of $41.93.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings results on Thursday, August 8th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. During the same quarter last year, the firm posted $0.17 EPS. TechTarget’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that TechTarget, Inc. will post 0.5 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on TTGT shares. Raymond James lowered 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. Needham & Company LLC lowered their price target on shares of TechTarget from $50.00 to $40.00 and set a “buy” rating for the company in a report on Monday, September 16th. KeyCorp lowered their price target on shares of TechTarget from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, August 12th. Finally, Craig Hallum upgraded shares of TechTarget from a “hold” rating to a “buy” rating and raised their price target for the stock from $34.00 to $36.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.67.

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.