BlackRock Inc. Acquires 104,107 Shares of TechTarget, Inc. (NASDAQ:TTGT)

BlackRock Inc. lifted its holdings in TechTarget, Inc. (NASDAQ:TTGT – Get Rating) by 2.6% in the third quarter, HoldingsChannel.com reports. The fund owned 4,130,982 shares of the information services provider’s stock after buying an additional 104,107 shares during the quarter. BlackRock Inc. owned about 0.14% of TechTarget worth $244,554,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new stake in TechTarget during the 2nd quarter valued at approximately $26,000. Advisors Asset Management Inc. grew its stake in TechTarget by 51.6% during 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 in the last quarter. Huntington National Bank increased its holdings in TechTarget by 20.2% in the 3rd quarter. Huntington National Bank now owns 1,523 shares of the information services provider’s stock valued at $90,000 after acquiring an additional 256 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in TechTarget by 65.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,104 shares of the information services provider’s stock worth $125,000 after purchasing an additional 834 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of TechTarget by 70.6% during the 1st quarter. Captrust Financial Advisors now owns 1,612 shares of the information services provider’s stock valued at $131,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

TechTarget Stock Down 3.3 %

NASDAQ:TTGT opened at $34.16 on Tuesday. The company has a market cap of $979.37 million, a price-to-earnings ratio of 26.28 and a beta of 0.96. TechTarget, Inc. has a twelve month low of $33.80 and a twelve month high of $85.00. The company has a current ratio of 7.44, a quick ratio of 7.44 and a debt-to-equity ratio of 2.10. The stock has a fifty day simple moving average of $43.82 and a 200-day simple moving average of $50.93.

Analyst Ratings Changes

A number of equities research analysts recently commented on TTGT shares. KeyCorp decreased their target price on TechTarget from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, February 10th. Cowen lowered their target price on TechTarget to $47.00 in a research report on Tuesday, November 15th. Raymond James reduced their price target on shares of TechTarget from $55.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Needham & Company LLC lowered their price objective on shares of TechTarget from $90.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Finally, The Goldman Sachs Group began coverage on shares of TechTarget in a report on Tuesday, December 20th. They issued a “neutral” rating and a $57.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.63.

Insiders Place Their Bets

In related news, President Rebecca Kitchens sold 750 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $39.50, for a total value of $29,625.00. Following the transaction, the president now owns 16,996 shares of the company’s stock, valued at $671,342. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert D. Burke sold 1,200 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $39.57, for a total value of $47,484.00. Following the completion of the sale, the director now owns 1,300 shares in the company, valued at approximately $51,441. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Rebecca Kitchens sold 750 shares of TechTarget stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $39.50, for a total transaction of $29,625.00. Following the transaction, the president now directly owns 16,996 shares in the company, valued at $671,342. The disclosure for this sale can be found here. Insiders have sold 2,700 shares of company stock worth $113,957 in the last three months. Corporate insiders own 8.92% of the company’s stock.

About TechTarget

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TechTarget, Inc engages in the provision of data and analytics and software solutions for purchase intent-driven marketing and sales data which delivers business impact for business-to-business companies. It operates through the North America and International geographical segments. Its solutions include tech marketing, ABM, tech sales, and intent-driven services.