Barclays PLC Purchases 36,714 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Barclays PLC lifted its position in TechTarget, Inc. (NASDAQ:TTGT) by 399.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,914 shares of the information services provider’s stock after purchasing an additional 36,714 shares during the quarter. Barclays PLC’s holdings in TechTarget were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of TTGT. Texas Permanent School Fund Corp grew its position in TechTarget by 10.0% during the second quarter. Texas Permanent School Fund Corp now owns 24,884 shares of the information services provider’s stock valued at $776,000 after acquiring an additional 2,254 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of TechTarget by 21.2% in the 2nd 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of TechTarget by 14.4% during the 2nd quarter. American Century Companies Inc. now owns 34,576 shares of the information services provider’s stock valued at $1,078,000 after purchasing an additional 4,352 shares during the last quarter. BOKF NA purchased a new position in TechTarget in the 2nd quarter worth $239,000. Finally, Envestnet Asset Management Inc. raised its position in TechTarget by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 319,976 shares of the information services provider’s stock worth $9,974,000 after purchasing an additional 8,212 shares during the period. 93.52% of the stock is currently owned by institutional investors.

TechTarget Trading Up 3.1 %

TTGT opened at $19.48 on Monday. The stock has a market cap of $569.50 million, a PE ratio of -46.38, a PEG ratio of 12.04 and a beta of 1.04. The business has a 50 day moving average of $26.97 and a 200-day moving average of $27.66. TechTarget, Inc. has a 52 week low of $18.26 and a 52 week high of $33.08. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of TechTarget in a research note on Wednesday, November 13th. KeyCorp dropped their target price on TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. StockNews.com began coverage on TechTarget in a research note on Tuesday, December 24th. They issued a “hold” rating on the stock. Finally, Craig Hallum increased their price objective on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.17.

About TechTarget

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.