TechTarget, Inc. (NASDAQ:TTGT) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,959,476 shares of the information services provider's stock after buying an additional 34,024 shares during the period. Vanguard Group Inc. owned approximately 6.90% of TechTarget worth $59,490,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State of Wyoming increased its position in shares of TechTarget by 121.2% during the fourth quarter. State of Wyoming now owns 1,208 shares of the information services provider's stock worth $53,000 after acquiring an additional 662 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in TechTarget by 51.6% in the first quarter. Advisors Asset Management Inc. now owns 828 shares of the information services provider's stock valued at $67,000 after acquiring an additional 282 shares during the last quarter. Point72 Middle East FZE acquired a new stake in TechTarget in the fourth quarter valued at $73,000. PNC Financial Services Group Inc. lifted its stake in shares of TechTarget by 16.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider's stock worth $80,000 after buying an additional 367 shares during the last quarter. Finally, Amundi lifted its stake in shares of TechTarget by 51.0% during the 4th quarter. Amundi now owns 2,126 shares of the information services provider's stock worth $98,000 after buying an additional 718 shares during the last quarter. Institutional investors own 93.52% of the company's stock.

TechTarget Stock Performance

Shares of NASDAQ:TTGT traded up $0.38 during midday trading on Monday, reaching $31.07. The company had a trading volume of 76,701 shares, compared to its average volume of 152,528. The company's 50 day moving average price is $32.25 and its 200 day moving average price is $31.20. The company has a current ratio of 10.04, a quick ratio of 10.04 and a debt-to-equity ratio of 1.84. The stock has a market cap of $887.05 million, a P/E ratio of 194.20, a P/E/G ratio of 9.15 and a beta of 0.94. TechTarget, Inc. has a 52-week low of $23.43 and a 52-week high of $41.93.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The information services provider reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $56.73 million. TechTarget had a net margin of 1.94% and a return on equity of 8.53%. As a group, sell-side analysts anticipate that TechTarget, Inc. will post 0.62 EPS for the current fiscal year.

Insider Transactions at TechTarget

In other news, President Rebecca Kitchens sold 13,666 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $440,045.20. Following the sale, the president now directly owns 53,920 shares of the company's stock, valued at $1,736,224. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other TechTarget news, President Rebecca Kitchens sold 13,666 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $440,045.20. Following the transaction, the president now directly owns 53,920 shares in the company, valued at $1,736,224. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven Niemiec sold 13,608 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total transaction of $438,177.60. Following the transaction, the chief operating officer now owns 40,755 shares in the company, valued at $1,312,311. The disclosure for this sale can be found here. Insiders own 9.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price target on shares of TechTarget in a research report on Thursday, February 8th. TheStreet downgraded shares of TechTarget from a "c" rating to a "d+" rating in a research report on Wednesday, February 7th. KeyCorp dropped their price target on shares of TechTarget from $58.00 to $40.00 and set an "overweight" rating on the stock in a research report on Monday, January 22nd. UBS Group upgraded shares of TechTarget from a "neutral" rating to a "buy" rating and boosted their target price for the company from $31.00 to $45.00 in a research report on Wednesday, January 31st. Finally, Raymond James boosted their price target on shares of TechTarget from $31.00 to $45.00 and gave the company an "outperform" rating in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $40.33.

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.