Rockefeller Capital Management L.P. raised its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,430 shares of the information services provider's stock after acquiring an additional 68,364 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 1.99% of TechTarget worth $11,524,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in TTGT. Geode Capital Management LLC raised its stake in shares of TechTarget by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 632,704 shares of the information services provider's stock worth $12,543,000 after purchasing an additional 21,191 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in TechTarget by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 542,877 shares of the information services provider's stock worth $10,760,000 after purchasing an additional 3,710 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of TechTarget by 21.3% during the 4th quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider's stock worth $8,451,000 after acquiring an additional 75,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TechTarget by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,036 shares of the information services provider's stock valued at $4,480,000 after acquiring an additional 6,074 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in TechTarget by 5.4% in the 4th quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider's stock worth $2,545,000 after purchasing an additional 6,577 shares during the last quarter. Institutional investors and hedge funds own 93.52% of the company's stock.
Analyst Ratings Changes
TTGT has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Lake Street Capital lowered their price objective on shares of TechTarget from $24.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price objective on shares of TechTarget in a report on Tuesday, January 21st. StockNews.com downgraded TechTarget from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Craig Hallum lowered their price target on TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.29.
View Our Latest Stock Report on TechTarget
TechTarget Price Performance
NASDAQ TTGT traded down $0.98 during trading on Monday, reaching $7.19. 86,976 shares of the company traded hands, compared to its average volume of 178,951. TechTarget, Inc. has a 1-year low of $7.14 and a 1-year high of $35.11. The company has a market cap of $210.05 million, a price-to-earnings ratio of -17.02, a P/E/G ratio of 113.92 and a beta of 1.03. The stock's 50 day moving average price is $12.85 and its two-hundred day moving average price is $19.92. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49.
TechTarget Company Profile
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Free Report)
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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