TechTarget, Inc. (NASDAQ:TTGT) is Trigran Investments Inc.’s 3rd Largest Position

Trigran Investments Inc. decreased its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 1.2% in the fourth quarter, Holdings Channel reports. The fund owned 3,759,509 shares of the information services provider’s stock after selling 45,315 shares during the quarter. TechTarget makes up 8.6% of Trigran Investments Inc.’s holdings, making the stock its 3rd biggest holding. Trigran Investments Inc. owned about 0.13% of TechTarget worth $74,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of TechTarget in the 4th quarter worth approximately $1,364,000. Barclays PLC boosted its stake in TechTarget by 399.1% during the third quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock worth $1,123,000 after buying an additional 36,714 shares during the period. Impax Asset Management Group plc increased its position in TechTarget by 21.3% during the fourth quarter. Impax Asset Management Group plc now owns 426,387 shares of the information services provider’s stock valued at $8,451,000 after acquiring an additional 75,000 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of TechTarget by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 128,412 shares of the information services provider’s stock valued at $2,545,000 after acquiring an additional 6,577 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of TechTarget by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock worth $14,955,000 after acquiring an additional 1,602 shares during the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

TechTarget Trading Down 2.9 %

NASDAQ:TTGT opened at $8.16 on Friday. The firm has a 50-day simple moving average of $12.85 and a 200-day simple moving average of $19.95. TechTarget, Inc. has a one year low of $7.66 and a one year high of $35.11. The firm has a market cap of $238.56 million, a P/E ratio of -19.43, a P/E/G ratio of 113.92 and a beta of 1.03. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TTGT shares. Needham & Company LLC reduced their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. StockNews.com downgraded TechTarget from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.00 target price on shares of TechTarget in a research note on Tuesday, January 21st. Finally, Craig Hallum decreased their price objective on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.