Arrowstreet Capital Limited Partnership Purchases Shares of 19,025 TechTarget, Inc. (NASDAQ:TTGT)

Arrowstreet Capital Limited Partnership acquired a new stake in TechTarget, Inc. (NASDAQ:TTGT) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,025 shares of the information services provider’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTGT. BNP Paribas Financial Markets grew its stake in shares of TechTarget by 31.7% in the third quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock worth $331,000 after purchasing an additional 3,260 shares during the last quarter. Jane Street Group LLC lifted its holdings in TechTarget by 15.4% in the 3rd quarter. Jane Street Group LLC now owns 37,290 shares of the information services provider’s stock worth $912,000 after buying an additional 4,988 shares during the period. Barclays PLC grew its position in shares of TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock worth $1,123,000 after buying an additional 36,714 shares during the last quarter. M&T Bank Corp increased its stake in shares of TechTarget by 54.0% during the third quarter. M&T Bank Corp now owns 32,523 shares of the information services provider’s stock valued at $795,000 after buying an additional 11,398 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after acquiring an additional 1,602 shares in the last quarter. 93.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Craig Hallum reduced their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a research note on Tuesday, January 21st. Needham & Company LLC cut their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Lake Street Capital decreased their target price on TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 30th. Finally, StockNews.com initiated coverage on TechTarget in a research report on Monday, February 10th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.00.

TechTarget Price Performance

TTGT stock opened at $7.85 on Monday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The firm has a 50 day moving average price of $13.80 and a 200-day moving average price of $20.48. TechTarget, Inc. has a 52-week low of $7.66 and a 52-week high of $35.11. The firm has a market capitalization of $229.49 million, a price-to-earnings ratio of -18.69, a PEG ratio of 113.92 and a beta of 1.03.

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.