Impax Asset Management Group plc Buys 362,500 Shares of TechTarget, Inc. $TTGT

Impax Asset Management Group plc raised its stake in shares of TechTarget, Inc. (NASDAQ:TTGT - Free Report) by 68.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 888,887 shares of the information services provider's stock after purchasing an additional 362,500 shares during the quarter. Impax Asset Management Group plc owned approximately 1.24% of TechTarget worth $6,907,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in TechTarget by 5.5% in the first quarter. Principal Financial Group Inc. now owns 135,517 shares of the information services provider's stock worth $2,007,000 after buying an additional 7,105 shares during the period. Envestnet Asset Management Inc. grew its position in shares of TechTarget by 35.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 395,134 shares of the information services provider's stock valued at $5,852,000 after acquiring an additional 102,716 shares during the period. Louisiana State Employees Retirement System purchased a new position in TechTarget during the first quarter valued at approximately $190,000. Allianz Asset Management GmbH bought a new position in shares of TechTarget in the first quarter worth about $246,000. Finally, Avantax Advisory Services Inc. increased its holdings in TechTarget by 54.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 53,313 shares of the information services provider's stock valued at $790,000 after acquiring an additional 18,901 shares during the last quarter. 93.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David J. S. Flaschen acquired 20,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were purchased at an average price of $5.97 per share, for a total transaction of $119,400.00. Following the acquisition, the director owned 20,000 shares of the company's stock, valued at $119,400. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel T. Noreck sold 8,459 shares of TechTarget stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $5.99, for a total value of $50,669.41. Following the completion of the transaction, the chief financial officer owned 71,519 shares of the company's stock, valued at approximately $428,398.81. This trade represents a 10.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.92% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on TTGT. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of TechTarget in a report on Tuesday. Weiss Ratings reissued a "sell (e+)" rating on shares of TechTarget in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of TechTarget from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $11.25.

Check Out Our Latest Research Report on TTGT

TechTarget Stock Performance

NASDAQ:TTGT opened at $5.12 on Friday. The company has a market cap of $366.02 million, a P/E ratio of -2.78 and a beta of 1.01. The company's 50-day moving average price is $5.76 and its 200-day moving average price is $6.70. TechTarget, Inc. has a twelve month low of $4.63 and a twelve month high of $33.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18.

TechTarget Profile

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.

Featured Articles

• Five stocks we like better than TechTarget
• Consumer Staples Stocks, Explained
• dLocal Falls Despite Blowout Q3 Results—What Investors Are Missing
• Top Stocks Investing in 5G Technology
• Ondas Holdings Signals a Rebound as Drone Demand Soars
• Health Care Stocks Explained: Why You Might Want to Invest
• Disney’s 2026 Outlook Brightens Under Iger's Magic Touch

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in TechTarget Right Now?

Before you consider TechTarget, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TechTarget wasn't on the list.

While TechTarget currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here