TechTarget Inc (TTGT) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in TechTarget Inc (NASDAQ:TTGT) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,679 shares of the information services provider’s stock after purchasing an additional 75,300 shares during the period. Two Sigma Advisers LP owned approximately 1.39% of TechTarget worth $4,746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pearl River Capital LLC purchased a new stake in shares of TechTarget during the fourth quarter worth $60,000. State of Alaska Department of Revenue purchased a new stake in shares of TechTarget during the fourth quarter worth $90,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of TechTarget during the fourth quarter worth $103,000. New York State Teachers Retirement System purchased a new stake in shares of TechTarget during the fourth quarter worth $119,000. Finally, Texas Permanent School Fund purchased a new stake in shares of TechTarget during the fourth quarter worth $177,000. Institutional investors own 75.48% of the company’s stock.

TTGT has been the subject of several recent research reports. Zacks Investment Research upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Friday, December 14th. BidaskClub upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Finally, ValuEngine upgraded TechTarget from a “sell” rating to a “hold” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.00.

In other TechTarget news, CEO Michael Cotoia sold 3,000 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $16.73, for a total transaction of $50,190.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Greg Strakosch sold 95,982 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $14.01, for a total transaction of $1,344,707.82. Following the transaction, the insider now directly owns 437,242 shares in the company, valued at $6,125,760.42. The disclosure for this sale can be found here. Insiders have sold 197,264 shares of company stock worth $2,922,296 over the last three months. Company insiders own 27.14% of the company’s stock.

Shares of NASDAQ:TTGT opened at $16.32 on Tuesday. The company has a quick ratio of 4.82, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. TechTarget Inc has a 1 year low of $11.12 and a 1 year high of $34.47. The firm has a market cap of $451.60 million, a P/E ratio of 36.27 and a beta of 1.08.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, February 6th. The information services provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm had revenue of $31.82 million for the quarter, compared to the consensus estimate of $31.37 million. TechTarget had a net margin of 10.68% and a return on equity of 10.06%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. Analysts anticipate that TechTarget Inc will post 0.61 earnings per share for the current year.

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About TechTarget

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand marketing, as well as advertising techniques, which enable IT vendors to identify, reach, and influence corporate IT decision makers who are researching specific IT purchases.

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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