Rockefeller Capital Management L.P. Buys 68,364 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Rockefeller Capital Management L.P. boosted its stake in TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 581,430 shares of the information services provider's stock after buying an additional 68,364 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 1.99% of TechTarget worth $11,524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTGT. KBC Group NV boosted its position in TechTarget by 79.1% during the fourth quarter. KBC Group NV now owns 2,178 shares of the information services provider's stock worth $43,000 after acquiring an additional 962 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of TechTarget during the fourth quarter worth $103,000. MeadowBrook Investment Advisors LLC grew its position in shares of TechTarget by 26.4% in the fourth quarter. MeadowBrook Investment Advisors LLC now owns 8,510 shares of the information services provider's stock valued at $169,000 after purchasing an additional 1,780 shares during the period. Quantbot Technologies LP purchased a new stake in shares of TechTarget in the fourth quarter valued at $173,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in TechTarget in the fourth quarter valued at $377,000. Hedge funds and other institutional investors own 93.52% of the company's stock.

TechTarget Stock Performance

Shares of TTGT traded down $0.24 on Friday, reaching $8.16. 796,322 shares of the stock traded hands, compared to its average volume of 178,875. TechTarget, Inc. has a 12 month low of $7.66 and a 12 month high of $35.11. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 10.49. The firm has a market cap of $238.56 million, a price-to-earnings ratio of -19.43, a P/E/G ratio of 113.92 and a beta of 1.03. The stock's 50-day moving average price is $13.03 and its 200-day moving average price is $20.09.

Analysts Set New Price Targets

Several analysts have commented on the company. Needham & Company LLC lowered their price target on TechTarget from $40.00 to $25.00 and set a "buy" rating for the company in a report on Monday, March 31st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 target price on shares of TechTarget in a report on Tuesday, January 21st. Craig Hallum cut their price target on shares of TechTarget from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Raymond James lowered shares of TechTarget from an "outperform" rating to a "market perform" rating in a report on Tuesday, February 11th. Finally, Lake Street Capital dropped their price objective on TechTarget from $24.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.29.

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.