Charles Schwab Investment Management Inc. Buys 6,074 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Charles Schwab Investment Management Inc. boosted its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 226,036 shares of the information services provider’s stock after purchasing an additional 6,074 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TechTarget were worth $4,480,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TTGT. KBC Group NV raised its position in shares of TechTarget by 79.1% in the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock worth $43,000 after purchasing an additional 962 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its stake in TechTarget by 26.4% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after acquiring an additional 1,780 shares during the period. Intech Investment Management LLC purchased a new stake in shares of TechTarget during the 3rd quarter valued at about $257,000. Quest Partners LLC bought a new stake in shares of TechTarget in the third quarter worth approximately $272,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of TechTarget by 31.7% during the third quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock valued at $331,000 after purchasing an additional 3,260 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

TechTarget Trading Down 3.3 %

Shares of NASDAQ:TTGT opened at $14.82 on Wednesday. TechTarget, Inc. has a 12-month low of $13.04 and a 12-month high of $35.11. The company has a market cap of $433.26 million, a PE ratio of -35.29, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. The stock has a 50 day moving average of $15.80 and a 200 day moving average of $21.87. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. Raymond James cut TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. StockNews.com initiated coverage on TechTarget in a research note on Monday, February 10th. They set a “hold” rating for the company. Lake Street Capital lowered their price objective on shares of TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 30th. Finally, Craig Hallum cut their target price on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.14.

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.