TechTarget, Inc. (NASDAQ:TTGT) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 399.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,914 shares of the information services provider’s stock after purchasing an additional 36,714 shares during the period. Barclays PLC’s holdings in TechTarget were worth $1,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TTGT. Harbor Capital Advisors Inc. raised its holdings in TechTarget by 152.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider’s stock worth $3,921,000 after buying an additional 96,896 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of TechTarget by 19.2% during the third quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock valued at $12,545,000 after acquiring an additional 82,626 shares during the period. Impax Asset Management Group plc raised its holdings in shares of TechTarget by 24.9% during the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider’s stock valued at $8,591,000 after acquiring an additional 70,000 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in shares of TechTarget by 31.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider’s stock valued at $6,780,000 after acquiring an additional 66,766 shares in the last quarter. Finally, FMR LLC boosted its stake in TechTarget by 2.5% in the 3rd quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock worth $60,042,000 after purchasing an additional 60,191 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

TTGT has been the subject of a number of research analyst reports. Craig Hallum increased their target price on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of TechTarget in a research note on Wednesday, November 13th. Lake Street Capital lowered their target price on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 30th. StockNews.com began coverage on shares of TechTarget in a research report on Thursday, January 9th. They issued a “hold” rating for the company. Finally, KeyCorp lowered their price objective on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.14.

TechTarget Stock Performance

NASDAQ TTGT opened at $17.72 on Tuesday. The company’s fifty day moving average is $24.74 and its two-hundred day moving average is $26.75. TechTarget, Inc. has a 52-week low of $17.21 and a 52-week high of $33.08. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The firm has a market capitalization of $518.04 million, a price-to-earnings ratio of -42.19, a P/E/G ratio of 12.04 and a beta of 1.04.

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