Impax Asset Management Group plc Purchases 75,000 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Impax Asset Management Group plc raised its position in TechTarget, Inc. (NASDAQ:TTGT) by 21.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 426,387 shares of the information services provider’s stock after buying an additional 75,000 shares during the period. Impax Asset Management Group plc owned about 1.46% of TechTarget worth $8,451,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position 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 buying an additional 60,191 shares during the last quarter. Geode Capital Management LLC boosted its position in TechTarget by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 611,513 shares of the information services provider’s stock valued at $14,955,000 after buying an additional 1,602 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in TechTarget by 19.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 513,066 shares of the information services provider’s stock valued at $12,545,000 after buying an additional 82,626 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in TechTarget by 31.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 277,282 shares of the information services provider’s stock valued at $6,780,000 after buying an additional 66,766 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in TechTarget by 10.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 267,592 shares of the information services provider’s stock valued at $6,543,000 after buying an additional 25,047 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TTGT has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 price target on shares of TechTarget in a research report on Tuesday, January 21st. Raymond James lowered TechTarget from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 11th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of TechTarget in a research report on Wednesday, January 15th. Lake Street Capital reduced their price target on TechTarget from $36.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 30th. Finally, StockNews.com initiated coverage on TechTarget in a research report on Monday, February 10th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, TechTarget presently has an average rating of “Moderate Buy” and a consensus price target of $30.14.

TechTarget Price Performance

NASDAQ:TTGT opened at $14.84 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 10.49 and a current ratio of 10.49. The stock’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $23.67. The company has a market cap of $433.85 million, a P/E ratio of -35.33, a P/E/G ratio of 113.92 and a beta of 1.02. TechTarget, Inc. has a 52-week low of $14.22 and a 52-week high of $33.08.

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.