Dimensional Fund Advisors LP Has $27.14 Million Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Dimensional Fund Advisors LP raised its position in shares of TechTarget, Inc. (NASDAQ:TTGTFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 778,495 shares of the information services provider’s stock after acquiring an additional 18,076 shares during the period. Dimensional Fund Advisors LP owned approximately 2.74% of TechTarget worth $27,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its holdings in TechTarget by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 207,315 shares of the information services provider’s stock valued at $6,294,000 after buying an additional 7,461 shares during the last quarter. Burney Co. increased its position in TechTarget by 36.1% during the third quarter. Burney Co. now owns 12,705 shares of the information services provider’s stock worth $386,000 after acquiring an additional 3,368 shares during the period. Deutsche Bank AG raised its stake in TechTarget by 12.6% during the 3rd quarter. Deutsche Bank AG now owns 14,855 shares of the information services provider’s stock valued at $451,000 after purchasing an additional 1,659 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in TechTarget by 16.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider’s stock valued at $80,000 after purchasing an additional 367 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in TechTarget by 152.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 254,476 shares of the information services provider’s stock worth $7,726,000 after purchasing an additional 153,761 shares during the last quarter. 93.52% of the stock is owned by institutional investors and hedge funds.

TechTarget Stock Down 0.1 %

Shares of NASDAQ:TTGT opened at $30.22 on Monday. TechTarget, Inc. has a 52 week low of $23.43 and a 52 week high of $41.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 8.60 and a current ratio of 8.60. The company’s fifty day moving average is $29.55 and its 200-day moving average is $31.59. The company has a market capitalization of $862.78 million, a PE ratio of -120.88, a P/E/G ratio of 15.75 and a beta of 0.99.

TechTarget (NASDAQ:TTGTGet Free Report) last issued its earnings results on Thursday, May 9th. The information services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $51.64 million during the quarter, compared to analyst estimates of $51.31 million. TechTarget had a negative net margin of 3.24% and a positive return on equity of 6.14%. Equities research analysts predict that TechTarget, Inc. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TheStreet cut shares of TechTarget from a “c” rating to a “d+” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on TechTarget from $40.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Raymond James cut their target price on TechTarget from $45.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Craig Hallum lowered their price target on shares of TechTarget from $41.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of TechTarget in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $37.88.

View Our Latest Report on TTGT

About TechTarget

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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