TechTarget, Inc. (NASDAQ:TTGT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in TechTarget, Inc. (NASDAQ:TTGT) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,719 shares of the information services provider’s stock after selling 669 shares during the period. New York State Common Retirement Fund’s holdings in TechTarget were worth $153,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in TechTarget by 79.1% in the fourth 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 during the period. Geode Capital Management LLC increased its holdings in shares of TechTarget by 0.3% during the third quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after purchasing an additional 1,602 shares during the period. MeadowBrook Investment Advisors LLC grew its position in TechTarget by 26.4% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider’s stock valued at $169,000 after buying an additional 1,780 shares in the last quarter. Rhumbline Advisers increased its stake in TechTarget by 2.7% during the 4th quarter. Rhumbline Advisers now owns 74,980 shares of the information services provider’s stock valued at $1,486,000 after buying an additional 1,994 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of TechTarget by 31.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider’s stock worth $331,000 after acquiring an additional 3,260 shares during the period. 93.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Lake Street Capital dropped their target price on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 30th. StockNews.com started coverage on TechTarget in a report on Monday, February 10th. They issued a “hold” rating on the stock. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of TechTarget in a report on Wednesday, January 15th. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Finally, KeyCorp decreased their target price on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, TechTarget has a consensus rating of “Moderate Buy” and an average price target of $30.14.

TechTarget Price Performance

NASDAQ TTGT opened at $14.97 on Thursday. The company has a 50 day simple moving average of $17.20 and a 200-day simple moving average of $23.11. TechTarget, Inc. has a 52-week low of $13.51 and a 52-week high of $35.11. The firm has a market capitalization of $437.65 million, a price-to-earnings ratio of -35.64, a price-to-earnings-growth ratio of 113.92 and a beta of 1.02. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49.

TechTarget 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.