Trigran Investments Inc. Has $38.65 Million Position in TechTarget, Inc. $TTGT

Trigran Investments Inc. raised its position in TechTarget, Inc. (NASDAQ:TTGT) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,974,434 shares of the information services provider’s stock after buying an additional 447,598 shares during the period. TechTarget accounts for 6.7% of Trigran Investments Inc.’s investment portfolio, making the stock its 8th biggest holding. Trigran Investments Inc. owned 0.07% of TechTarget worth $38,651,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of TechTarget by 18.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,768 shares of the information services provider’s stock worth $145,000 after purchasing an additional 1,541 shares during the period. Vanguard Group Inc. raised its stake in shares of TechTarget by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,923,408 shares of the information services provider’s stock valued at $28,486,000 after buying an additional 18,603 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of TechTarget by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 245,338 shares of the information services provider’s stock valued at $3,633,000 after buying an additional 19,302 shares during the last quarter. Deutsche Bank AG grew its stake in shares of TechTarget by 10.2% during the 1st quarter. Deutsche Bank AG now owns 26,508 shares of the information services provider’s stock worth $393,000 after acquiring an additional 2,445 shares during the period. Finally, Swiss National Bank increased its holdings in TechTarget by 9.7% in the 1st quarter. Swiss National Bank now owns 55,400 shares of the information services provider’s stock worth $820,000 after acquiring an additional 4,900 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Insider Activity at TechTarget

In other TechTarget news, Director David J. S. Flaschen bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were bought at an average price of $5.97 per share, for a total transaction of $119,400.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $119,400. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTGT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TechTarget in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of TechTarget from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of TechTarget in a report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, TechTarget currently has an average rating of “Hold” and a consensus target price of $11.25.

TechTarget Price Performance

Shares of NASDAQ:TTGT opened at $5.39 on Friday. The company’s fifty day moving average price is $5.41 and its 200-day moving average price is $6.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $388.94 million, a price-to-earnings ratio of -3.12 and a beta of 0.91. TechTarget, Inc. has a one year low of $4.63 and a one year high of $28.44.

TechTarget 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.