TechTarget, Inc. (NASDAQ:TTGT) Shares Sold by Eagle Asset Management Inc.

Eagle Asset Management Inc. lessened its holdings in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 18.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 384,705 shares of the information services provider's stock after selling 87,027 shares during the period. Eagle Asset Management Inc. owned approximately 1.32% of TechTarget worth $9,406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of TechTarget by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 792,983 shares of the information services provider's stock valued at $24,717,000 after buying an additional 8,681 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of TechTarget by 6.3% in the second quarter. Earnest Partners LLC now owns 495,701 shares of the information services provider's stock worth $15,451,000 after purchasing an additional 29,375 shares during the last quarter. Impax Asset Management Group plc increased its position in shares of TechTarget by 24.9% during the third quarter. Impax Asset Management Group plc now owns 351,387 shares of the information services provider's stock worth $8,591,000 after acquiring an additional 70,000 shares during the period. Envestnet Asset Management Inc. raised its position in TechTarget by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 319,976 shares of the information services provider's stock valued at $9,974,000 after purchasing an additional 8,212 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in TechTarget by 10.3% in the third quarter. Rice Hall James & Associates LLC now owns 267,592 shares of the information services provider's stock worth $6,543,000 after acquiring an additional 25,047 shares during the period. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Trading Up 4.8 %

NASDAQ:TTGT opened at $32.44 on Friday. The company has a market capitalization of $948.55 million, a P/E ratio of -77.24, a PEG ratio of 17.47 and a beta of 1.03. The company has a current ratio of 10.49, a quick ratio of 10.49 and a debt-to-equity ratio of 1.65. TechTarget, Inc. has a 12 month low of $22.82 and a 12 month high of $41.93. The firm has a fifty day simple moving average of $27.33 and a 200-day simple moving average of $28.74.

TechTarget (NASDAQ:TTGT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.05. The company had revenue of $58.47 million during the quarter, compared to analysts' expectations of $58.14 million. TechTarget had a positive return on equity of 5.44% and a negative net margin of 5.34%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities research analysts anticipate that TechTarget, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on TTGT shares. KeyCorp decreased their price target on shares of TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a research report on Thursday, November 14th. Raymond James cut their price target on shares of TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Craig Hallum increased their price objective on TechTarget from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of TechTarget in a research report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and five have assigned 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 $38.17.

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.