Federated Investors Inc. PA boosted its holdings in TechTarget Inc (NASDAQ:TTGT) by 307.0% during the second quarter, Holdings Channel reports. The fund owned 4,550 shares of the information services provider’s stock after buying an additional 3,432 shares during the period. Federated Investors Inc. PA’s holdings in TechTarget were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in TechTarget by 51.4% during the first quarter. Wells Fargo & Company MN now owns 48,512 shares of the information services provider’s stock worth $965,000 after purchasing an additional 16,473 shares in the last quarter. American Century Companies Inc. acquired a new position in TechTarget during the first quarter worth $713,000. Schwab Charles Investment Management Inc. lifted its stake in TechTarget by 34.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 42,700 shares of the information services provider’s stock worth $849,000 after purchasing an additional 11,000 shares in the last quarter. BlackRock Inc. lifted its stake in TechTarget by 30.4% during the first quarter. BlackRock Inc. now owns 1,267,958 shares of the information services provider’s stock worth $25,207,000 after purchasing an additional 295,581 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in TechTarget by 104.0% during the first quarter. New York State Common Retirement Fund now owns 36,728 shares of the information services provider’s stock worth $730,000 after purchasing an additional 18,728 shares in the last quarter. Hedge funds and other institutional investors own 59.08% of the company’s stock.

In other news, Director Roger M. Marino sold 120,000 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $23.12, for a total transaction of $2,774,400.00. Following the sale, the director now owns 2,825 shares of the company’s stock, valued at $65,314. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger M. Marino sold 119,746 shares of the company’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $24.14, for a total value of $2,890,668.44. Following the sale, the director now directly owns 2,825 shares in the company, valued at approximately $68,195.50. The disclosure for this sale can be found here. Insiders have sold 864,408 shares of company stock worth $21,133,958 in the last ninety days. Corporate insiders own 27.14% of the company’s stock.

NASDAQ:TTGT opened at $19.34 on Friday. TechTarget Inc has a 52 week low of $11.61 and a 52 week high of $34.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $552.17 million, a price-to-earnings ratio of 80.58 and a beta of 1.05.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, August 8th. The information services provider reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. TechTarget had a return on equity of 9.77% and a net margin of 10.24%. The business had revenue of $31.47 million for the quarter, compared to analyst estimates of $30.81 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The company’s revenue was up 18.0% on a year-over-year basis. analysts anticipate that TechTarget Inc will post 0.49 EPS for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, July 12th. ValuEngine cut TechTarget from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Craig Hallum cut TechTarget from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research note on Thursday, August 9th. They noted that the move was a valuation call. Raymond James assumed coverage on TechTarget in a research note on Thursday. They set an “outperform” rating on the stock. Finally, BidaskClub cut TechTarget from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.80.

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 marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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