Impax Asset Management Group plc Has $7.44 Million Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Impax Asset Management Group plc increased its position in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,387 shares of the information services provider's stock after buying an additional 80,804 shares during the period. Impax Asset Management Group plc owned about 0.75% of TechTarget worth $7,439,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in TechTarget by 1.8% during the third quarter. Vanguard Group Inc. now owns 1,959,476 shares of the information services provider's stock worth $59,490,000 after buying an additional 34,024 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of TechTarget by 160.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 202,105 shares of the information services provider's stock worth $6,136,000 after acquiring an additional 124,433 shares during the period. First Hawaiian Bank boosted its position in shares of TechTarget by 57.7% in the third quarter. First Hawaiian Bank now owns 23,587 shares of the information services provider's stock worth $716,000 after acquiring an additional 8,632 shares during the last quarter. M&T Bank Corp grew its holdings in TechTarget by 29.0% in the third quarter. M&T Bank Corp now owns 29,818 shares of the information services provider's stock valued at $906,000 after purchasing an additional 6,711 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in TechTarget by 18.0% during the third quarter. Rice Hall James & Associates LLC now owns 188,308 shares of the information services provider's stock worth $5,717,000 after purchasing an additional 28,736 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTGT. Raymond James boosted their price objective 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. KeyCorp cut their price objective on TechTarget from $58.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $50.00 target price on shares of TechTarget in a report on Thursday, February 8th. UBS Group raised shares of TechTarget from a "neutral" rating to a "buy" rating and increased their target price for the stock from $31.00 to $45.00 in a research report on Wednesday, January 31st. Finally, TheStreet downgraded shares of TechTarget from a "c" rating to a "d+" rating in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $40.33.

Insider Activity

In related news, President Rebecca Kitchens sold 13,666 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $440,045.20. Following the transaction, the president now owns 53,920 shares in the company, valued at $1,736,224. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, President Rebecca Kitchens sold 13,666 shares of TechTarget stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $440,045.20. Following the completion of the sale, the president now owns 53,920 shares in the company, valued at $1,736,224. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Steven Niemiec sold 13,608 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now directly 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.

TechTarget Stock Down 0.4 %

NASDAQ:TTGT traded down $0.13 during trading hours on Thursday, hitting $29.12. The stock had a trading volume of 83,460 shares, compared to its average volume of 150,399. The company has a market cap of $831.38 million, a PE ratio of 182.82, a price-to-earnings-growth ratio of 9.26 and a beta of 0.94. The business has a 50 day simple moving average of $32.10 and a two-hundred day simple moving average of $31.22. TechTarget, Inc. has a 1-year low of $23.43 and a 1-year high of $41.93. The company has a current ratio of 10.04, a quick ratio of 10.04 and a debt-to-equity ratio of 1.84.

TechTarget (NASDAQ:TTGT - Get Free Report) last announced its earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. TechTarget had a net margin of 1.94% and a return on equity of 8.53%. The business had revenue of $57.29 million during the quarter, compared to the consensus estimate of $56.73 million. Analysts predict that TechTarget, Inc. will post 0.62 EPS for the current year.

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.