TechTarget, Inc. (NASDAQ:TTGT) Stock Holdings Trimmed by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in TechTarget, Inc. (NASDAQ:TTGT) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,448 shares of the information services provider’s stock after selling 15,144 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TechTarget were worth $5,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV increased its holdings in TechTarget by 79.1% in the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after buying an additional 962 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after purchasing an additional 1,602 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after purchasing an additional 1,780 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of TechTarget by 2.7% during the fourth quarter. Rhumbline Advisers now owns 74,980 shares of the information services provider’s stock valued at $1,486,000 after purchasing an additional 1,994 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of TechTarget by 31.7% during the third quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock valued at $331,000 after purchasing an additional 3,260 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTGT. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of TechTarget in a report on Wednesday, January 15th. KeyCorp lowered their target price on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 target price on shares of TechTarget in a report on Tuesday, January 21st. Finally, StockNews.com began coverage on TechTarget in a report on Monday, February 10th. They issued a “hold” rating for the company. Four 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.14.

TechTarget Stock Performance

Shares of TTGT stock opened at $15.81 on Tuesday. TechTarget, Inc. has a 12-month low of $15.69 and a 12-month high of $33.08. The firm has a market capitalization of $462.28 million, a price-to-earnings ratio of -37.64, a price-to-earnings-growth ratio of 139.38 and a beta of 1.02. The business has a 50 day simple moving average of $18.57 and a 200 day simple moving average of $24.19. 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 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.