Barclays PLC Buys 2,563 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Barclays PLC increased its stake in shares of TechTarget, Inc. (NASDAQ:TTGT) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,477 shares of the information services provider’s stock after buying an additional 2,563 shares during the quarter. Barclays PLC owned 0.17% of TechTarget worth $961,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. KBC Group NV lifted its holdings in shares of TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of TechTarget during the 4th quarter worth about $103,000. MeadowBrook Investment Advisors LLC increased its position in shares of TechTarget by 26.4% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after purchasing an additional 1,780 shares in the last quarter. Quantbot Technologies LP bought a new position in TechTarget during the 4th quarter valued at about $173,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in TechTarget in the fourth quarter valued at about $377,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

TechTarget Trading Up 2.3 %

Shares of TTGT opened at $8.17 on Tuesday. The stock’s fifty day simple moving average is $11.16 and its 200-day simple moving average is $18.57. The firm has a market capitalization of $238.85 million, a PE ratio of -19.45, a price-to-earnings-growth ratio of 113.92 and a beta of 1.03. TechTarget, Inc. has a 12-month low of $6.95 and a 12-month high of $35.11. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.00 price target on shares of TechTarget in a report on Tuesday, January 21st. Needham & Company LLC reduced their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. StockNews.com upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. Finally, Raymond James cut TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.29.

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.