Royal Bank of Canada Has $19.38 Million Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Royal Bank of Canada increased its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 30.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 977,777 shares of the information services provider's stock after buying an additional 227,459 shares during the quarter. Royal Bank of Canada owned 3.34% of TechTarget worth $19,380,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV raised its stake in TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock worth $43,000 after buying an additional 962 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of TechTarget during the fourth quarter worth $103,000. MeadowBrook Investment Advisors LLC raised its holdings in shares of TechTarget by 26.4% during the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock worth $169,000 after acquiring an additional 1,780 shares during the period. Quantbot Technologies LP acquired a new stake in shares of TechTarget during the fourth quarter worth $173,000. Finally, State of Tennessee Department of Treasury raised its holdings in shares of TechTarget by 8.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider's stock worth $239,000 after acquiring an additional 910 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TTGT. Wall Street Zen upgraded shares of TechTarget from a "sell" rating to a "hold" rating in a report on Saturday, April 26th. Needham & Company LLC dropped their price objective on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Lake Street Capital dropped their price objective on shares of TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Raymond James lowered shares of TechTarget from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $25.17.

TechTarget Stock Down 0.4%

Shares of NASDAQ:TTGT traded down $0.03 during midday trading on Wednesday, hitting $7.13. The stock had a trading volume of 332,833 shares, compared to its average volume of 201,738. The company has a market cap of $208.45 million, a P/E ratio of -16.98, a PEG ratio of 113.92 and a beta of 1.10. TechTarget, Inc. has a 12 month low of $6.92 and a 12 month high of $35.11. The business's 50-day simple moving average is $9.09 and its 200-day simple moving average is $16.22. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

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.