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

Arrowstreet Capital Limited Partnership purchased a new stake in shares of TechTarget, Inc. (NASDAQ:TTGT) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 19,025 shares of the information services provider’s stock, valued at approximately $377,000. Arrowstreet Capital Limited Partnership owned approximately 0.07% of TechTarget at the end of the most recent reporting period.

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

TechTarget Stock Down 2.7 %

Shares of NASDAQ:TTGT opened at $7.85 on Monday. The stock has a market capitalization of $229.49 million, a P/E ratio of -18.69, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. The stock’s 50-day moving average price is $13.80 and its 200-day moving average price is $20.48. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget, Inc. has a 12-month low of $7.66 and a 12-month high of $35.11.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TTGT shares. Craig Hallum decreased their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Raymond James cut TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Lake Street Capital dropped their price target on TechTarget from $36.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 30th. StockNews.com initiated coverage on TechTarget in a research report on Monday, February 10th. They set a “hold” rating on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 target price on shares of TechTarget in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.00.

About TechTarget

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.