TechTarget, Inc. (NASDAQ:TTGT) Holdings Boosted by Impax Asset Management Group plc

Impax Asset Management Group plc increased its position in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 23.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 526,387 shares of the information services provider's stock after purchasing an additional 100,000 shares during the quarter. Impax Asset Management Group plc owned 1.80% of TechTarget worth $7,796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in TechTarget in the 4th quarter valued at about $103,000. Quantbot Technologies LP purchased a new position in TechTarget in the fourth quarter valued at about $173,000. State of Tennessee Department of Treasury boosted its holdings in TechTarget by 8.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock valued at $239,000 after purchasing an additional 910 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TechTarget by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,860 shares of the information services provider's stock valued at $295,000 after purchasing an additional 698 shares during the last quarter. Finally, First Hawaiian Bank purchased a new position in TechTarget in the first quarter valued at about $331,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

TechTarget Price Performance

TTGT traded down $0.08 during trading hours on Friday, hitting $6.84. 492,865 shares of the stock were exchanged, compared to its average volume of 253,096. The stock has a 50-day simple moving average of $7.60 and a 200-day simple moving average of $12.32. TechTarget, Inc. has a 12 month low of $6.51 and a 12 month high of $35.11. The stock has a market cap of $488.63 million, a price-to-earnings ratio of -16.27 and a beta of 1.02.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen upgraded TechTarget from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. Craig Hallum started coverage on shares of TechTarget in a research note on Monday, June 9th. They set a "buy" rating and a $12.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of TechTarget in a research note on Wednesday. Lake Street Capital reduced their price objective on shares of TechTarget from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Finally, JPMorgan Chase & Co. cut shares of TechTarget from a "neutral" rating to an "underweight" rating and reduced their price target for the stock from $18.00 to $8.00 in a research report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, TechTarget has a consensus rating of "Hold" and an average price target of $19.33.

TechTarget Company 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.