Harbor Capital Advisors Inc. Purchases 96,896 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Harbor Capital Advisors Inc. lifted its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 152.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,370 shares of the information services provider's stock after buying an additional 96,896 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.55% of TechTarget worth $3,921,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in 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 during 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 acquiring an additional 29,375 shares during the period. Envestnet Asset Management Inc. increased its position in TechTarget by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 319,976 shares of the information services provider's stock valued at $9,974,000 after acquiring an additional 8,212 shares during the last quarter. Rice Hall James & Associates LLC boosted its position 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 purchasing an additional 25,047 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of TechTarget by 6.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 57,206 shares of the information services provider's stock valued at $1,783,000 after purchasing an additional 3,608 shares during the period. 93.52% of the stock is currently owned by institutional investors.

TechTarget Price Performance

Shares of NASDAQ TTGT traded down $0.04 during mid-day trading on Monday, reaching $28.31. The company's stock had a trading volume of 95,556 shares, compared to its average volume of 128,342. The stock has a fifty day moving average of $25.94 and a two-hundred day moving average of $28.48. The firm has a market capitalization of $827.64 million, a PE ratio of -94.50, a P/E/G ratio of 32.52 and a beta of 1.03. TechTarget, Inc. has a 52 week low of $22.82 and a 52 week high of $41.93. The company has a debt-to-equity ratio of 1.74, a current ratio of 9.35 and a quick ratio of 9.35.

TechTarget (NASDAQ:TTGT - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The information services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The business had revenue of $58.91 million during the quarter, compared to the consensus estimate of $58.08 million. TechTarget had a negative net margin of 3.84% and a positive return on equity of 5.92%. The business's revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, sell-side analysts anticipate that TechTarget, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of TechTarget from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, August 12th. Raymond James reduced their price target on TechTarget from $39.00 to $34.00 and set an "outperform" rating for the company in a research report on Monday, August 12th. Craig Hallum raised TechTarget from a "hold" rating to a "buy" rating and lifted their price objective for the company from $34.00 to $36.00 in a research report on Tuesday, October 15th. Finally, Needham & Company LLC cut their price objective on TechTarget from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $37.67.

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.