Zions Bancorporation N.A. Has $1.07 Million Stock Position in TechTarget, Inc. (NASDAQ:TTGT)

Zions Bancorporation N.A. boosted its stake in TechTarget, Inc. (NASDAQ:TTGT) by 18.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,594 shares of the information services provider’s stock after purchasing an additional 6,761 shares during the quarter. Zions Bancorporation N.A. owned about 0.15% of TechTarget worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TTGT. BOKF NA bought a new stake in shares of TechTarget in the 2nd quarter valued at about $239,000. SG Americas Securities LLC bought a new stake in TechTarget in the third quarter valued at approximately $307,000. The Manufacturers Life Insurance Company raised its holdings in TechTarget by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,993 shares of the information services provider’s stock worth $311,000 after purchasing an additional 430 shares during the period. Riverwater Partners LLC bought a new position in shares of TechTarget during the second quarter worth $350,000. Finally, Inspire Investing LLC grew its holdings in shares of TechTarget by 4.3% in the 2nd quarter. Inspire Investing LLC now owns 11,379 shares of the information services provider’s stock valued at $355,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTGT. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of TechTarget in a research note on Wednesday. Craig Hallum lifted their price objective on TechTarget from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James decreased their price objective on TechTarget from $39.00 to $34.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, KeyCorp dropped their target price on shares of TechTarget from $38.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.17.

TechTarget Trading Down 9.3 %

Shares of TechTarget stock opened at $29.30 on Friday. The business’s 50 day simple moving average is $26.48 and its 200 day simple moving average is $28.63. The company has a debt-to-equity ratio of 1.65, a current ratio of 10.49 and a quick ratio of 9.35. TechTarget, Inc. has a 52-week low of $22.82 and a 52-week high of $41.93.

About TechTarget

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.