Thrivent Financial for Lutherans Has $706,000 Stock Holdings in TechTarget, Inc. (NASDAQ:TTGT)

Thrivent Financial for Lutherans decreased its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,636 shares of the information services provider’s stock after selling 19,919 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.12% of TechTarget worth $706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TTGT. Impax Asset Management Group plc raised its holdings 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 buying an additional 75,000 shares in the last quarter. FMR LLC increased its holdings in shares of TechTarget by 2.5% during the 3rd quarter. FMR LLC now owns 2,455,705 shares of the information services provider’s stock valued at $60,042,000 after acquiring an additional 60,191 shares during the last quarter. Barclays PLC raised its stake in shares of TechTarget by 399.1% in the 3rd quarter. Barclays PLC now owns 45,914 shares of the information services provider’s stock valued at $1,123,000 after acquiring an additional 36,714 shares in the last quarter. M&T Bank Corp lifted its holdings in TechTarget by 54.0% in the 3rd quarter. M&T Bank Corp now owns 32,523 shares of the information services provider’s stock worth $795,000 after purchasing an additional 11,398 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in TechTarget during the third quarter worth approximately $257,000. Institutional investors own 93.52% of the company’s stock.

TechTarget Stock Down 2.0 %

TechTarget stock opened at $12.50 on Thursday. The company has a 50 day moving average of $15.37 and a 200-day moving average of $21.47. The company has a quick ratio of 10.49, a current ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget, Inc. has a twelve month low of $11.71 and a twelve month high of $35.11. The stock has a market capitalization of $365.44 million, a PE ratio of -29.76, a price-to-earnings-growth ratio of 113.92 and a beta of 1.05.

Wall Street Analysts Forecast Growth

TTGT has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of TechTarget in a report on Monday, February 10th. They set a “hold” rating for the company. Needham & Company LLC decreased their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.00 price objective on shares of TechTarget in a research note on Tuesday, January 21st. Craig Hallum cut their price objective on TechTarget from $40.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.