Neuberger Berman Group LLC Acquires 2,343 Shares of TechTarget, Inc. (NASDAQ:TTGT)

Neuberger Berman Group LLC increased its holdings in shares of TechTarget, Inc. (NASDAQ:TTGT) by 0.1% during the second quarter, Holdings Channel.com reports. The fund owned 1,793,945 shares of the information services provider’s stock after purchasing an additional 2,343 shares during the quarter. Neuberger Berman Group LLC owned 0.06% of TechTarget worth $139,013,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in TTGT. FMR LLC increased its holdings in TechTarget by 23.0% in the 2nd quarter. FMR LLC now owns 4,200,692 shares of the information services provider’s stock valued at $325,511,000 after buying an additional 786,259 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in TechTarget by 186.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 404,284 shares of the information services provider’s stock valued at $28,078,000 after buying an additional 263,197 shares during the period. abrdn plc increased its holdings in TechTarget by 51.7% in the 2nd quarter. abrdn plc now owns 689,284 shares of the information services provider’s stock valued at $53,375,000 after buying an additional 234,877 shares during the period. Atlanta Capital Management Co. L L C increased its holdings in TechTarget by 52.0% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 399,682 shares of the information services provider’s stock valued at $30,971,000 after buying an additional 136,722 shares during the period. Finally, Moody Aldrich Partners LLC bought a new position in TechTarget in the 2nd quarter valued at about $7,015,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.

TTGT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TechTarget in a report on Wednesday, June 23rd. They issued a “buy” rating and a $80.00 target price on the stock. Sidoti assumed coverage on shares of TechTarget in a research note on Wednesday, July 7th. They issued a “buy” rating and a $97.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of TechTarget in a research note on Wednesday, June 30th. They issued a “neutral” rating and a $81.00 price target on the stock. Lake Street Capital raised their price target on shares of TechTarget from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, September 23rd. Finally, TheStreet upgraded shares of TechTarget from a “c+” rating to a “b” rating in a research note on Friday, July 9th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, TechTarget has an average rating of “Buy” and an average price target of $94.33.

NASDAQ:TTGT opened at $84.73 on Thursday. The firm’s 50 day simple moving average is $83.02 and its 200 day simple moving average is $75.99. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.93 and a quick ratio of 2.93. TechTarget, Inc. has a one year low of $43.31 and a one year high of $101.12. The company has a market cap of $2.39 billion, a PE ratio of 143.61 and a beta of 0.86.

TechTarget (NASDAQ:TTGT) last posted its earnings results on Wednesday, August 4th. The information services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. TechTarget had a net margin of 8.56% and a return on equity of 18.66%. The business had revenue of $63.71 million for the quarter, compared to the consensus estimate of $61.03 million. During the same period last year, the company earned $0.28 EPS. The firm’s revenue was up 83.1% compared to the same quarter last year. Equities research analysts expect that TechTarget, Inc. will post 1.68 EPS for the current year.

In other TechTarget news, Director Roger M. Marino sold 17,124 shares of the firm’s stock in a transaction that occurred on Monday, July 19th. The shares were sold at an average price of $70.72, for a total transaction of $1,211,009.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger M. Marino sold 10,825 shares of the firm’s stock in a transaction that occurred on Thursday, September 23rd. The stock was sold at an average price of $90.18, for a total transaction of $976,198.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,574 shares of company stock worth $5,870,758. 10.45% of the stock is owned by corporate insiders.

About TechTarget

TechTarget, Inc engages in the provision of data and analytics and software solutions for purchase intent-driven marketing and sales data which delivers business impact for business-to-business companies. It operates through the North America and International geographical segments. Its solutions include tech marketing, ABM, tech sales, and intent-driven services.

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Institutional Ownership by Quarter for TechTarget (NASDAQ:TTGT)

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