Bank of America Corp DE lessened its position in shares of TechTarget Inc (NASDAQ:TTGT) by 62.8% during the 4th quarter, HoldingsChannel reports. The firm owned 27,102 shares of the information services provider’s stock after selling 45,720 shares during the quarter. Bank of America Corp DE’s holdings in TechTarget were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Ingalls & Snyder LLC grew its holdings in shares of TechTarget by 3.6% during the 4th quarter. Ingalls & Snyder LLC now owns 23,337 shares of the information services provider’s stock worth $285,000 after purchasing an additional 803 shares in the last quarter. American International Group Inc. grew its holdings in shares of TechTarget by 18.6% during the 4th quarter. American International Group Inc. now owns 15,982 shares of the information services provider’s stock worth $195,000 after purchasing an additional 2,501 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TechTarget by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,011,703 shares of the information services provider’s stock worth $12,353,000 after purchasing an additional 3,586 shares in the last quarter. Pearl River Capital LLC acquired a new stake in shares of TechTarget during the 4th quarter worth approximately $60,000. Finally, MetLife Investment Advisors LLC grew its holdings in shares of TechTarget by 56.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 15,339 shares of the information services provider’s stock worth $298,000 after purchasing an additional 5,522 shares in the last quarter. 72.66% of the stock is currently owned by institutional investors.

Shares of TTGT stock opened at $19.91 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $549.44 million, a P/E ratio of 44.24 and a beta of 1.07. TechTarget Inc has a one year low of $11.12 and a one year high of $34.47.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. The business had revenue of $29.97 million for the quarter, compared to analyst estimates of $29.32 million. TechTarget had a return on equity of 10.74% and a net margin of 11.41%. TechTarget’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. Research analysts expect that TechTarget Inc will post 0.54 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the company. BidaskClub lowered TechTarget from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine raised TechTarget from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, May 9th. Finally, Zacks Investment Research raised TechTarget from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $26.00.

In related news, CEO Michael Cotoia sold 8,307 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.21, for a total value of $134,656.47. Following the sale, the chief executive officer now owns 69,310 shares of the company’s stock, valued at approximately $1,123,515.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bruce Levenson sold 50,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $21.77, for a total value of $1,088,500.00. Following the completion of the sale, the director now directly owns 42,987 shares in the company, valued at approximately $935,826.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,194 shares of company stock worth $2,369,022. 27.14% of the stock is owned by insiders.

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About TechTarget

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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