TechTarget, Inc. (NASDAQ:TTGT) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,412 shares of the information services provider’s stock after acquiring an additional 6,577 shares during the quarter. Principal Financial Group Inc. owned about 0.44% of TechTarget worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TTGT. KBC Group NV lifted its holdings in shares of TechTarget by 79.1% during the 4th quarter. KBC Group NV now owns 2,178 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 962 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its stake in TechTarget by 26.4% during the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock worth $169,000 after buying an additional 1,780 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in TechTarget during the 3rd quarter worth $245,000. Intech Investment Management LLC purchased a new stake in TechTarget during the 3rd quarter worth $257,000. Finally, Quest Partners LLC purchased a new stake in TechTarget during the 3rd quarter worth $272,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTGT. Raymond James downgraded shares of TechTarget from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Craig Hallum dropped their price target on shares of TechTarget from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. KeyCorp dropped their price target on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of TechTarget in a research note on Wednesday, January 15th. Finally, StockNews.com assumed coverage on shares of TechTarget in a research report on Monday, February 10th. They issued a “hold” rating for the company. Four research 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.

TechTarget Price Performance

TTGT opened at $13.78 on Wednesday. The company has a 50-day moving average of $17.27 and a 200-day moving average of $23.17. The company has a market capitalization of $402.86 million, a P/E ratio of -32.81, a PEG ratio of 113.92 and a beta of 1.02. TechTarget, Inc. has a 1-year low of $13.73 and a 1-year high of $35.11. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49.

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.