Charles Schwab Investment Management Inc. Acquires 6,074 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Charles Schwab Investment Management Inc. raised its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,036 shares of the information services provider’s stock after buying an additional 6,074 shares during the period. Charles Schwab Investment Management Inc. owned about 0.77% of TechTarget worth $4,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quest Partners LLC bought a new position in TechTarget during the 3rd quarter worth approximately $272,000. Intech Investment Management LLC purchased a new position in shares of TechTarget in the third quarter worth $257,000. FMR LLC increased its stake in shares of TechTarget by 2.5% in the third quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock worth $60,042,000 after buying an additional 60,191 shares during the period. BNP Paribas Financial Markets boosted its position in TechTarget by 31.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock valued at $331,000 after buying an additional 3,260 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in TechTarget by 19.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock worth $12,545,000 after acquiring an additional 82,626 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

TechTarget Price Performance

TTGT opened at $14.82 on Wednesday. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. The company has a market cap of $433.26 million, a price-to-earnings ratio of -35.29, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05. The stock has a fifty day simple moving average of $15.80 and a two-hundred day simple moving average of $21.87. TechTarget, Inc. has a 12-month low of $13.04 and a 12-month high of $35.11.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTGT shares. Craig Hallum lowered their price objective 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. reiterated a “neutral” rating and issued a $18.00 price objective on shares of TechTarget in a research report on Tuesday, January 21st. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of TechTarget in a report on Wednesday, January 15th. 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. Finally, Raymond James downgraded shares of TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.14.

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.