TechTarget, Inc. (NASDAQ:TTGT) Holdings reduced by Los Angeles Capital Management LLC


Los Angeles Capital Management LLC reduced its position in shares of TechTarget, Inc. (NASDAQ: TTGTGet a rating) by 65.9% during the 1st quarter, according to the company in its last filing with the SEC. The institutional investor held 4,806 shares of the information services provider after selling 9,290 shares during the period. Los Angeles Capital Management LLC’s holdings in TechTarget were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Advisor Group Holdings Inc. increased its position in TechTarget by 85.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,245 shares of the information services provider worth $980,000 after buying 4,727 additional shares in the last quarter. Summit Global Investments bought a new position in TechTarget during Q1 worth approximately $642,000. Teacher Retirement System of Texas increased its position in TechTarget by 22.2% during the 4th quarter. Teacher Retirement System of Texas now owns 4,982 shares of the information services provider worth $477,000 after buying 906 additional shares in the last quarter. Meritage Portfolio Management increased its position in TechTarget by 10.2% during the first quarter. Meritage Investment Management now owns 4,515 shares of the information services provider worth $367,000 after purchasing 417 additional shares last quarter. Finally, UMB Bank NA MO acquired a new equity stake in TechTarget during the 4th quarter at a value of $27,000. 99.78% of the shares are currently held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

TTGT has been the subject of several research reports. KeyCorp cut its price target on TechTarget shares from $102.00 to $80.00 and set an “overweight” rating for the company in a Wednesday, Aug. 3 research note. Raymond James raised his price target on TechTarget shares from $81.00 to $82.00 and gave the company an “outperform” rating in a Friday, Aug. 5 research note. One analyst rated the stock with a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.00.

Stock TechTarget up 0.1%

Action TTGT opened at $71.84 on Tuesday. The company has a current ratio of 6.54, a quick ratio of 6.54 and a debt ratio of 1.91. TechTarget, Inc. has a 1-year low of $56.83 and a 1-year high of $111.44. The company has a fifty-day simple moving average of $66.16 and a 200-day simple moving average of $71.57. The company has a market capitalization of $2.12 billion, a PE ratio of 189.06 and a beta of 0.99.

Insider Activity at TechTarget

In related news, CEO Michael Cotoia sold 5,676 TechTarget shares in a trade on Wednesday, August 10. The shares were sold at an average price of $69.76, for a total value of $395,957.76. Following the completion of the sale, the CEO now owns 164,745 shares of the company, valued at approximately $11,492,611.20. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. 8.92% of the shares are held by insiders of the company.

TechTarget profile

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TechTarget, Inc., together with its subsidiaries, provides marketing and sales services that have business impact for business-to-business technology companies in North America and internationally. It also provides intent-to-purchase marketing and sales services for enterprise technology vendors; and tailored marketing programs that incorporate demand generation, brand advertising techniques, and content curation and creation.

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Institutional ownership by quarter for TechTarget (NASDAQ:TTGT)



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