Burney Co. decreased its position in shares of TechTarget, Inc. (NASDAQ:TTGT – Free Report) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,484 shares of the information services provider’s stock after selling 2,920 shares during the quarter. Burney Co.’s holdings in TechTarget were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of TTGT. MeadowBrook Investment Advisors LLC acquired a new position in TechTarget during the fourth quarter worth $194,000. Aigen Investment Management LP lifted its position in TechTarget by 6.6% in the 4th quarter. Aigen Investment Management LP now owns 7,712 shares of the information services provider’s stock valued at $269,000 after acquiring an additional 476 shares in the last quarter. Inspire Investing LLC acquired a new position in TechTarget during the 1st quarter valued at about $361,000. State Board of Administration of Florida Retirement System increased its holdings in TechTarget by 37.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,232 shares of the information services provider’s stock worth $370,000 after purchasing an additional 2,790 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of TechTarget by 9.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,516 shares of the information services provider’s stock worth $381,000 after purchasing an additional 959 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.
TechTarget Stock Performance
NASDAQ:TTGT opened at $31.01 on Friday. TechTarget, Inc. has a 52-week low of $23.43 and a 52-week high of $41.93. The business’s fifty day moving average is $31.29 and its 200 day moving average is $31.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 8.60 and a current ratio of 8.60. The firm has a market cap of $885.34 million, a price-to-earnings ratio of -124.04, a PEG ratio of 16.67 and a beta of 1.07.
Analyst Ratings Changes
Several brokerages recently issued reports on TTGT. Craig Hallum decreased their price target on TechTarget from $41.00 to $34.00 and set a “hold” rating for the company in a report on Friday, May 10th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of TechTarget in a research report on Friday, May 10th. Raymond James decreased their target price on TechTarget from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on TechTarget from $40.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TechTarget currently has a consensus rating of “Hold” and an average price target of $37.88.
Read Our Latest Research Report on TTGT
About TechTarget
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.
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