TechTarget, Inc. (NASDAQ:TTGT) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of TechTarget, Inc. (NASDAQ:TTGTGet Rating) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,842 shares of the information services provider’s stock after buying an additional 298 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TechTarget were worth $312,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. New York State Teachers Retirement System lifted its position in shares of TechTarget by 1.2% during the first quarter. New York State Teachers Retirement System now owns 16,381 shares of the information services provider’s stock worth $1,331,000 after purchasing an additional 200 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in TechTarget by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 18,604 shares of the information services provider’s stock worth $1,512,000 after acquiring an additional 235 shares during the last quarter. UMB Bank N A MO bought a new position in TechTarget in the fourth quarter worth about $27,000. Oregon Public Employees Retirement Fund lifted its holdings in TechTarget by 3.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,112 shares of the information services provider’s stock worth $822,000 after acquiring an additional 326 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in TechTarget by 3.4% in the first quarter. Maryland State Retirement & Pension System now owns 10,695 shares of the information services provider’s stock worth $869,000 after acquiring an additional 354 shares during the last quarter. Institutional investors own 99.78% of the company’s stock.

Insiders Place Their Bets

In other TechTarget news, CEO Michael Cotoia sold 5,675 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $65.80, for a total value of $373,415.00. Following the sale, the chief executive officer now owns 15,421 shares in the company, valued at $1,014,701.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.92% of the stock is currently owned by corporate insiders.

TechTarget Stock Performance

Shares of NASDAQ TTGT opened at $66.78 on Tuesday. The company has a quick ratio of 6.91, a current ratio of 6.91 and a debt-to-equity ratio of 1.88. The firm’s 50-day moving average price is $66.33 and its two-hundred day moving average price is $72.35. TechTarget, Inc. has a 52-week low of $56.83 and a 52-week high of $111.44. The stock has a market capitalization of $1.97 billion, a P/E ratio of 392.82 and a beta of 0.99.

TechTarget (NASDAQ:TTGTGet Rating) last issued its earnings results on Tuesday, May 10th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. TechTarget had a net margin of 2.26% and a return on equity of 21.03%. The firm had revenue of $68.17 million for the quarter, compared to analysts’ expectations of $66.33 million. During the same quarter last year, the company posted $0.26 earnings per share. TechTarget’s revenue was up 28.7% on a year-over-year basis. As a group, sell-side analysts forecast that TechTarget, Inc. will post 1.64 earnings per share for the current year.

TechTarget Company Profile

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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. It also provides purchase-intent marketing and sales services for enterprise technology vendors; 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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