TechTarget, Inc. (NASDAQ:TTGT) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in TechTarget, Inc. (NASDAQ:TTGT) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 632,704 shares of the information services provider’s stock after purchasing an additional 21,191 shares during the period. Geode Capital Management LLC’s holdings in TechTarget were worth $12,543,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jane Street Group LLC increased its position 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 valued at $912,000 after acquiring an additional 4,988 shares during the period. Barclays PLC increased its holdings in shares of TechTarget by 399.1% during the third quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock valued at $1,123,000 after purchasing an additional 36,714 shares during the period. KBC Group NV lifted its holdings in TechTarget by 79.1% in the fourth 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 period. MeadowBrook Investment Advisors LLC grew its position in TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after buying an additional 1,780 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in TechTarget by 2.7% during the 4th quarter. Rhumbline Advisers now owns 74,980 shares of the information services provider’s stock valued at $1,486,000 after buying an additional 1,994 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Stock Performance

Shares of TTGT opened at $7.12 on Tuesday. TechTarget, Inc. has a one year low of $7.02 and a one year high of $35.11. The company has a 50-day moving average of $12.65 and a two-hundred day moving average of $19.81. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The stock has a market cap of $208.15 million, a price-to-earnings ratio of -16.95, a PEG ratio of 113.92 and a beta of 1.03.

Analyst Ratings Changes

Several research firms have recently issued reports on TTGT. Lake Street Capital decreased their price objective on shares of TechTarget from $24.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Needham & Company LLC cut their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a research report on Tuesday, January 21st. Raymond James lowered shares of TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. 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 note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.29.

TechTarget Company 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.