Zions Bancorporation N.A. Acquires 6,761 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Zions Bancorporation N.A. boosted its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 18.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,594 shares of the information services provider’s stock after buying an additional 6,761 shares during the quarter. Zions Bancorporation N.A.’s holdings in TechTarget were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of TechTarget by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after acquiring an additional 430 shares during the period. Texas Permanent School Fund Corp boosted its position in TechTarget by 2.1% during the first quarter. Texas Permanent School Fund Corp now owns 22,630 shares of the information services provider’s stock worth $749,000 after purchasing an additional 456 shares during the period. Inspire Investing LLC increased its holdings in shares of TechTarget by 4.3% in the second quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock valued at $355,000 after purchasing an additional 469 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of TechTarget by 9.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,516 shares of the information services provider’s stock valued at $381,000 after purchasing an additional 959 shares during the period. Finally, Swiss National Bank lifted its stake in shares of TechTarget by 2.2% during the 1st quarter. Swiss National Bank now owns 50,500 shares of the information services provider’s stock worth $1,671,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 93.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Craig Hallum upped their price target on shares of TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp decreased their target price on TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday. Raymond James dropped their price target on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of TechTarget in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, TechTarget has a consensus rating of “Moderate Buy” and an average target price of $38.17.

TechTarget Stock Down 9.3 %

Shares of TTGT opened at $29.30 on Friday. The company has a quick ratio of 9.35, a current 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’s 50 day moving average is $26.48 and its 200-day moving average is $28.63.

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.