TechTarget, Inc. (NASDAQ:TTGT) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 19.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 513,066 shares of the information services provider's stock after acquiring an additional 82,626 shares during the quarter. Rockefeller Capital Management L.P. owned 1.75% of TechTarget worth $12,545,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its holdings in shares of TechTarget by 31.7% during the third quarter. BNP Paribas Financial Markets now owns 13,545 shares of the information services provider's stock valued at $331,000 after acquiring an additional 3,260 shares during the last quarter. FMR LLC lifted its holdings in TechTarget by 2.5% in the 3rd quarter. FMR LLC now owns 2,455,705 shares of the information services provider's stock valued at $60,042,000 after purchasing an additional 60,191 shares in the last quarter. Intech Investment Management LLC acquired a new stake in TechTarget during the 3rd quarter worth $257,000. LMR Partners LLP acquired a new stake in TechTarget during the 3rd quarter worth $526,000. Finally, Quest Partners LLC acquired a new stake in shares of TechTarget in the third quarter valued at about $272,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TTGT shares. Craig Hallum boosted their price target on shares of TechTarget from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. KeyCorp cut their price target on TechTarget from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. StockNews.com began coverage on TechTarget in a research note on Wednesday, November 27th. They set a "hold" rating on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of TechTarget in a research note on Wednesday, November 13th. Finally, Raymond James lowered their price target on shares of TechTarget from $39.00 to $34.00 and set an "outperform" rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $38.17.

TechTarget Stock Performance

Shares of TTGT traded down $6.25 during trading on Tuesday, reaching $25.29. 349,941 shares of the company traded hands, compared to its average volume of 130,617. The stock has a 50-day simple moving average of $28.19 and a 200-day simple moving average of $28.85. 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, Inc. has a twelve month low of $22.01 and a twelve month high of $41.93.

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

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.