Today: The 2,647 Shares of TechTarget Inc. (TTGT) are sold by California State Teachers Retirement System

The 2,647 Shares of TechTarget Inc. (TTGT) are sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of TechTarget Inc. (NASDAQ:TTGT) by 6.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,246 shares of the company’s stock after selling 2,647 shares during the period. California State Teachers Retirement System owned 0.12% of TechTarget worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTGT. State Street Corp boosted its position in shares of TechTarget by 2.5% in the first quarter. State Street Corp now owns 231,562 shares of the company’s stock worth $1,719,000 after buying an additional 5,713 shares during the period. Geode Capital Management LLC boosted its position in shares of TechTarget by 0.9% in the first quarter. Geode Capital Management LLC now owns 116,818 shares of the company’s stock worth $866,000 after buying an additional 1,032 shares during the period. Murphy Michael R boosted its position in shares of TechTarget by 35.2% in the first quarter. Murphy Michael R now owns 1,403,121 shares of the company’s stock worth $10,411,000 after buying an additional 365,021 shares during the period. Diker Management LLC boosted its position in shares of TechTarget by 113.7% in the first quarter. Diker Management LLC now owns 322,342 shares of the company’s stock worth $2,392,000 after buying an additional 171,522 shares during the period. Finally, Strs Ohio boosted its position in shares of TechTarget by 6.6% in the second quarter. Strs Ohio now owns 72,700 shares of the company’s stock worth $588,000 after buying an additional 4,500 shares during the period. 55.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TechTarget Inc. (NASDAQ:TTGT) traded down 1.962% during mid-day trading on Monday, reaching $8.245. 21,841 shares of the company’s stock traded hands. The firm has a market capitalization of $224.42 million, a price-to-earnings ratio of 43.168 and a beta of 2.04. The stock has a 50-day moving average price of $8.14 and a 200 day moving average price of $8.09. TechTarget Inc. has a 12-month low of $5.98 and a 12-month high of $9.60.

TechTarget (NASDAQ:TTGT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $29.17 million for the quarter, compared to analysts’ expectations of $29.65 million. TechTarget had a net margin of 5.65% and a return on equity of 4.59%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Analysts anticipate that TechTarget Inc. will post $0.29 EPS for the current fiscal year.

TTGT has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating on shares of TechTarget in a research note on Monday, June 27th. Jefferies Group reissued a “buy” rating and issued a $10.00 target price on shares of TechTarget in a research note on Monday, June 27th. Zacks Investment Research cut TechTarget from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Sidoti initiated coverage on TechTarget in a research note on Wednesday, July 20th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Craig Hallum cut TechTarget from a “buy” rating to a “hold” rating and cut their target price for the stock from $11.50 to $9.00 in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. TechTarget has a consensus rating of “Buy” and an average price target of $10.20.

In other news, insider Don Hawk sold 20,000 shares of the company’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $8.17, for a total transaction of $163,400.00. Following the sale, the insider now directly owns 374,020 shares in the company, valued at approximately $3,055,743.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Nine Ten Capital Management Ll bought 9,394 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were acquired at an average price of $7.49 per share, for a total transaction of $70,361.06. The disclosure for this purchase can be found here. 48.65% of the stock is currently owned by company insiders.

About TechTarget

TechTarget, Inc provides online content that helps buyers and sellers of corporate information technology (IT) products and services. The Company’s offerings enable IT vendors to identify, reach and influence corporate IT decision makers researching specific IT purchases through customized marketing programs that include data analytics-driven intelligence solutions, demand generation and brand advertising.

Related posts

Leave a Comment