Northern Trust Corp Purchases 10,542 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Northern Trust Corp boosted its position in TechTarget, Inc. (NASDAQ:TTGT) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 284,170 shares of the information services provider’s stock after purchasing an additional 10,542 shares during the quarter. Northern Trust Corp owned approximately 0.97% of TechTarget worth $5,632,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV lifted its position in 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 buying an additional 962 shares during the period. KLP Kapitalforvaltning AS purchased a new position in TechTarget during the fourth quarter valued at $103,000. MeadowBrook Investment Advisors LLC lifted its position in TechTarget by 26.4% during the fourth 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 during the period. Quantbot Technologies LP purchased a new position in TechTarget during the fourth quarter valued at $173,000. Finally, State of Tennessee Department of Treasury lifted its position in TechTarget by 8.2% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,074 shares of the information services provider’s stock valued at $239,000 after buying an additional 910 shares during the period. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Price Performance

TTGT opened at $8.01 on Wednesday. The stock has a 50-day moving average price of $10.00 and a 200-day moving average price of $17.10. 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 firm has a market cap of $234.17 million, a PE ratio of -19.07, a P/E/G ratio of 113.92 and a beta of 1.10. TechTarget, Inc. has a 1 year low of $6.95 and a 1 year high of $35.11.

Wall Street Analyst Weigh In

Several equities analysts have commented on TTGT shares. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Needham & Company LLC lowered their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a research report on Tuesday, January 21st. StockNews.com raised TechTarget from a “sell” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, Lake Street Capital lowered their price target on TechTarget from $24.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.17.

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.