Principal Financial Group Inc. Sells 1,222 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Principal Financial Group Inc. reduced its holdings in TechTarget, Inc. (NASDAQ:TTGTFree Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,293 shares of the information services provider’s stock after selling 1,222 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of TechTarget worth $4,681,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in TechTarget by 16.3% in 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 period. Deutsche Bank AG boosted its stake in TechTarget by 12.6% in the third quarter. Deutsche Bank AG now owns 14,855 shares of the information services provider’s stock worth $451,000 after purchasing an additional 1,659 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in TechTarget by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 209,083 shares of the information services provider’s stock worth $7,289,000 after purchasing an additional 1,768 shares in the last quarter. Caxton Associates LP boosted its stake in TechTarget by 26.5% in the third quarter. Caxton Associates LP now owns 8,730 shares of the information services provider’s stock worth $265,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Burney Co. lifted its stake in shares of TechTarget by 36.1% during the third quarter. Burney Co. now owns 12,705 shares of the information services provider’s stock valued at $386,000 after acquiring an additional 3,368 shares during the period. 93.52% of the stock is owned by institutional investors.

TechTarget Stock Up 2.3 %

NASDAQ:TTGT opened at $30.26 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 8.60 and a current ratio of 8.60. The company has a market cap of $863.92 million, a PE ratio of -121.04, a PEG ratio of 15.61 and a beta of 0.99. TechTarget, Inc. has a 52-week low of $23.43 and a 52-week high of $41.93. The stock has a 50-day simple moving average of $29.60 and a 200 day simple moving average of $31.55.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TTGT shares. Raymond James dropped their price objective on TechTarget from $45.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on TechTarget from $40.00 to $33.00 and set a “hold” rating for the company in a report on Friday, May 10th. Craig Hallum dropped their price objective on TechTarget from $41.00 to $34.00 and set a “hold” rating for the company in a report on Friday, May 10th. TheStreet downgraded TechTarget from a “c” rating to a “d+” rating in a report on Wednesday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of TechTarget in a report on Friday, May 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.88.

Get Our Latest Stock Analysis on TTGT

About TechTarget

(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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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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