Barclays PLC grew its position in TechTarget Inc (NASDAQ:TTGT) by 78.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,994 shares of the information services provider’s stock after buying an additional 39,166 shares during the quarter. Barclays PLC’s holdings in TechTarget were worth $2,005,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in TechTarget by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 35,372 shares of the information services provider’s stock worth $797,000 after purchasing an additional 423 shares during the period. State Street Corp lifted its holdings in shares of TechTarget by 3.1% in the third quarter. State Street Corp now owns 644,853 shares of the information services provider’s stock valued at $14,525,000 after purchasing an additional 19,126 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of TechTarget in the third quarter worth $201,000. Eqis Capital Management Inc. purchased a new position in shares of TechTarget during the third quarter valued at $206,000. Finally, Mason Street Advisors LLC grew its holdings in shares of TechTarget by 7.1% during the third quarter. Mason Street Advisors LLC now owns 7,793 shares of the information services provider’s stock valued at $176,000 after buying an additional 516 shares in the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.

Several equities analysts have weighed in on the company. Lake Street Capital lifted their target price on TechTarget from $24.00 to $29.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. ValuEngine lowered shares of TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub downgraded shares of TechTarget from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. TechTarget currently has a consensus rating of “Hold” and an average price target of $26.67.

In other TechTarget news, Chairman Greg Strakosch sold 7,826 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $25.06, for a total value of $196,119.56. Following the completion of the sale, the chairman now directly owns 464,527 shares of the company’s stock, valued at $11,641,046.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel T. Noreck sold 3,500 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $28.78, for a total transaction of $100,730.00. Following the transaction, the chief financial officer now owns 10,257 shares in the company, valued at approximately $295,196.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 180,615 shares of company stock valued at $4,797,731. 18.68% of the stock is owned by corporate insiders.

Shares of NASDAQ:TTGT opened at $24.81 on Friday. The firm has a market cap of $694.78 million, a price-to-earnings ratio of 55.13 and a beta of 0.75. TechTarget Inc has a 1 year low of $11.12 and a 1 year high of $30.00. The company has a current ratio of 5.46, a quick ratio of 5.46 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $26.10 and a 200 day simple moving average of $23.10.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, November 6th. The information services provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. TechTarget had a return on equity of 9.55% and a net margin of 11.73%. The company had revenue of $33.81 million for the quarter, compared to analyst estimates of $33.60 million. On average, sell-side analysts forecast that TechTarget Inc will post 0.69 EPS for the current year.

TechTarget Profile

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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