20,813 Shares in TechTarget, Inc. (NASDAQ:TTGT) Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC bought a new position in TechTarget, Inc. (NASDAQ:TTGT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 20,813 shares of the information services provider’s stock, valued at approximately $726,000.

Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of TechTarget by 16.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,623 shares of the information services provider’s stock worth $80,000 after buying an additional 367 shares during the period. Deutsche Bank AG raised its position in shares of TechTarget by 12.6% in the 3rd quarter. Deutsche Bank AG now owns 14,855 shares of the information services provider’s stock worth $451,000 after buying an additional 1,659 shares during the period. Caxton Associates LP increased its holdings in TechTarget by 26.5% in the 3rd quarter. Caxton Associates LP now owns 8,730 shares of the information services provider’s stock valued at $265,000 after purchasing an additional 1,827 shares in the last quarter. Zions Bancorporation N.A. raised its position in TechTarget by 10.1% in the third quarter. Zions Bancorporation N.A. now owns 22,138 shares of the information services provider’s stock valued at $672,000 after purchasing an additional 2,038 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in TechTarget by 28.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,034 shares of the information services provider’s stock valued at $426,000 after purchasing an additional 3,076 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

TechTarget Stock Up 1.0 %

Shares of NASDAQ TTGT opened at $27.55 on Thursday. TechTarget, Inc. has a 1 year low of $23.43 and a 1 year high of $41.93. The firm has a market cap of $786.55 million, a price-to-earnings ratio of 172.20, a PEG ratio of 8.13 and a beta of 0.94. The company has a debt-to-equity ratio of 1.84, a quick ratio of 10.04 and a current ratio of 10.04. The stock’s 50-day simple moving average is $30.87 and its 200-day simple moving average is $31.12.

TechTarget (NASDAQ:TTGT) last announced its earnings results on Wednesday, February 7th. The information services provider reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. TechTarget had a return on equity of 8.53% and a net margin of 1.94%. The business had revenue of $57.29 million for the quarter, compared to analyst estimates of $56.73 million. As a group, equities analysts anticipate that TechTarget, Inc. will post 0.62 earnings per share for the current fiscal year.

Insider Activity at TechTarget

In related news, COO Steven Niemiec sold 13,608 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $438,177.60. Following the completion of the sale, the chief operating officer now directly owns 40,755 shares of the company’s stock, valued at $1,312,311. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other TechTarget news, President Rebecca Kitchens sold 13,666 shares of TechTarget stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $32.20, for a total value of $440,045.20. Following the completion of the transaction, the president now directly owns 53,920 shares in the company, valued at $1,736,224. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Steven Niemiec sold 13,608 shares of TechTarget stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $32.20, for a total value of $438,177.60. Following the completion of the transaction, the chief operating officer now owns 40,755 shares of the company’s stock, valued at $1,312,311. The disclosure for this sale can be found here. 9.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on TTGT shares. TheStreet lowered TechTarget from a “c” rating to a “d+” rating in a research report on Wednesday, February 7th. KeyCorp cut their price objective on TechTarget from $58.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, January 22nd. UBS Group raised TechTarget from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $45.00 in a research report on Wednesday, January 31st. Raymond James raised their price objective on TechTarget from $31.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of TechTarget in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.33.

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.