Dimensional Fund Advisors LP Has $6.44 Million Stake in TechTarget, Inc. (TTGT)

Dimensional Fund Advisors LP lifted its holdings in TechTarget, Inc. (NASDAQ:TTGT) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 620,771 shares of the information services provider’s stock after buying an additional 44,102 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.26% of TechTarget worth $6,438,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTGT. Wells Fargo & Company MN grew its stake in TechTarget by 2.6% in the second quarter. Wells Fargo & Company MN now owns 11,046 shares of the information services provider’s stock worth $115,000 after purchasing an additional 275 shares in the last quarter. American International Group Inc. grew its stake in TechTarget by 5.6% in the first quarter. American International Group Inc. now owns 11,363 shares of the information services provider’s stock worth $103,000 after purchasing an additional 602 shares in the last quarter. Nationwide Fund Advisors grew its stake in TechTarget by 12.6% in the second quarter. Nationwide Fund Advisors now owns 12,634 shares of the information services provider’s stock worth $131,000 after purchasing an additional 1,418 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in TechTarget in the first quarter worth approximately $140,000. Finally, Alliancebernstein L.P. grew its stake in TechTarget by 0.5% in the second quarter. Alliancebernstein L.P. now owns 21,700 shares of the information services provider’s stock worth $225,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 55.84% of the company’s stock.

Several analysts have issued reports on TTGT shares. Zacks Investment Research cut TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Jefferies Group reaffirmed a “hold” rating and set a $13.00 target price on shares of TechTarget in a research report on Friday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 target price (up previously from $11.00) on shares of TechTarget in a research report on Tuesday, October 3rd. ValuEngine raised TechTarget from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Craig Hallum raised TechTarget from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.

In other TechTarget news, President Kevin Beam sold 5,000 shares of TechTarget stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $13.83, for a total transaction of $69,150.00. Following the completion of the transaction, the president now owns 461,808 shares in the company, valued at approximately $6,386,804.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nine Ten Partners Lp sold 7,945 shares of TechTarget stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $11.01, for a total value of $87,474.45. The disclosure for this sale can be found here. Insiders sold a total of 205,890 shares of company stock valued at $2,520,287 in the last 90 days. 30.19% of the stock is currently owned by company insiders.

TechTarget, Inc. (NASDAQ TTGT) traded down $0.22 during trading on Wednesday, hitting $13.81. The stock had a trading volume of 38,699 shares, compared to its average volume of 44,308. The firm has a market cap of $379.19, a PE ratio of 114.50, a price-to-earnings-growth ratio of 3.43 and a beta of 1.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.53 and a quick ratio of 2.53. TechTarget, Inc. has a 52-week low of $7.97 and a 52-week high of $14.16.

TechTarget (NASDAQ:TTGT) last issued its earnings results on Wednesday, November 8th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $28.01 million during the quarter, compared to analyst estimates of $28.34 million. TechTarget had a return on equity of 3.01% and a net margin of 3.33%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. equities research analysts forecast that TechTarget, Inc. will post 0.2 EPS for the current year.

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TechTarget Profile

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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