TechTarget, Inc. (NASDAQ:TTGT) Stock Holdings Raised by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC increased its position in TechTarget, Inc. (NASDAQ:TTGT) by 31.7% in the third quarter, Holdings Channel reports. The firm owned 277,282 shares of the information services provider’s stock after purchasing an additional 66,766 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in TechTarget were worth $6,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its holdings in TechTarget by 152.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 160,370 shares of the information services provider’s stock worth $3,921,000 after buying an additional 96,896 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of TechTarget by 19.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock valued at $12,545,000 after acquiring an additional 82,626 shares in the last quarter. Impax Asset Management Group plc lifted its stake in TechTarget by 24.9% during the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider’s stock worth $8,591,000 after purchasing an additional 70,000 shares during the last quarter. FMR LLC boosted its holdings in TechTarget by 2.5% in the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock worth $60,042,000 after purchasing an additional 60,191 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in TechTarget by 21.2% during the second quarter. Rice Hall James & Associates LLC now owns 242,545 shares of the information services provider’s stock valued at $7,560,000 after purchasing an additional 42,374 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTGT shares. Craig Hallum raised their price target on shares of TechTarget from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. StockNews.com assumed coverage on shares of TechTarget in a report on Wednesday, November 27th. They issued a “hold” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of TechTarget in a report on Wednesday, November 13th. Raymond James dropped their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, KeyCorp reduced their price objective on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.17.

TechTarget Price Performance

Shares of NASDAQ TTGT opened at $31.54 on Tuesday. TechTarget, Inc. has a 12-month low of $22.82 and a 12-month high of $41.93. The stock has a 50 day simple moving average of $28.19 and a 200-day simple moving average of $28.85. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $58.47 million during the quarter, compared to analyst estimates of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities analysts expect that TechTarget, Inc. will post 0.55 earnings per share for the current year.

TechTarget 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.