Next Century Growth Investors LLC Continues to Hold Stake in Techtarget (TTGT)

July 16, 2018 - By Carolyn Hewitt

TechTarget, Inc. (NASDAQ:TTGT) LogoInvestors sentiment increased to 1.68 in 2018 Q1. Its up 0.16, from 1.52 in 2017Q4. It is positive, as 8 investors sold TTGT shares while 23 reduced holdings. 27 funds opened positions while 25 raised stakes. 12.59 million shares or 1.76% more from 12.38 million shares in 2017Q4 were reported. Moreover, California State Teachers Retirement Sys has 0% invested in TechTarget, Inc. (NASDAQ:TTGT) for 29,879 shares. Geode Capital Mngmt Ltd invested in 167,197 shares or 0% of the stock. Tiaa Cref Inv Mgmt Ltd owns 96,227 shares or 0% of their US portfolio. 17,135 are owned by Art Advisors Lc. Heartland Advsr invested 0.33% of its portfolio in TechTarget, Inc. (NASDAQ:TTGT). White Pine Cap Limited Company stated it has 0.12% of its portfolio in TechTarget, Inc. (NASDAQ:TTGT). California-based California Employees Retirement Sys has invested 0% in TechTarget, Inc. (NASDAQ:TTGT). Invesco Ltd holds 0% in TechTarget, Inc. (NASDAQ:TTGT) or 32,783 shares. Renaissance Techs Limited Com has 0.02% invested in TechTarget, Inc. (NASDAQ:TTGT) for 843,000 shares. Goldman Sachs Gp Inc, New York-based fund reported 114,958 shares. 18,690 were accumulated by Rhumbline Advisers. 71,087 are owned by Natl Bank Of America Corporation De. Bessemer Grp Inc Inc reported 26,600 shares. State Common Retirement Fund has invested 0% in TechTarget, Inc. (NASDAQ:TTGT). Moreover, Edge Wealth Mgmt Limited Com has 0% invested in TechTarget, Inc. (NASDAQ:TTGT).

Since January 19, 2018, it had 0 buys, and 33 insider sales for $22.09 million activity. Another trade for 20,000 shares valued at $390,027 was made by Hawk Don on Friday, April 13. Nine Ten Partners LP sold $904,800 worth of stock or 60,000 shares. $608,700 worth of TechTarget, Inc. (NASDAQ:TTGT) was sold by MARINO ROGER M. Strakosch Greg also sold $728,250 worth of TechTarget, Inc. (NASDAQ:TTGT) shares. Beam Kevin also sold $263,800 worth of TechTarget, Inc. (NASDAQ:TTGT) shares. FORMAN LEONARD P sold 63,862 shares worth $1.51 million.

Next Century Growth Investors Llc increased its stake in Techtarget (TTGT) by 85.21% based on its latest 2018Q1 regulatory filing with the SEC. Next Century Growth Investors Llc bought 344,697 shares as the company’s stock rose 45.89% while stock markets declined. The institutional investor held 749,205 shares of the miscellaneous company at the end of 2018Q1, valued at $14.89M, up from 404,508 at the end of the previous reported quarter. Next Century Growth Investors Llc who had been investing in Techtarget for a number of months, seems to be bullish on the $841.69 million market cap company. The stock decreased 1.32% or $0.41 during the last trading session, reaching $30.61. About 136,966 shares traded. TechTarget, Inc. (NASDAQ:TTGT) has risen 174.81% since July 16, 2017 and is uptrending. It has outperformed by 162.24% the S&P500.

Next Century Growth Investors Llc, which manages about $3.86B and $749.49 million US Long portfolio, decreased its stake in Swift Transportation Ho by 96,428 shares to 234,920 shares, valued at $10.81 million in 2018Q1, according to the filing. It also reduced its holding in Quotient Technology Inc by 242,933 shares in the quarter, leaving it with 1.33M shares, and cut its stake in Sailpoint Technologies Holding.

More recent TechTarget, Inc. (NASDAQ:TTGT) news were published by: Streetinsider.com which released: “TechTarget (TTGT) Announces Retirement of President Kevin Beam” on July 12, 2018. Also Businesswire.com published the news titled: “TechTarget to Announce 2018 Second Quarter Financial Results on August 8, 2018” on July 11, 2018. Seekingalpha.com‘s news article titled: “TechTarget’s New Multiples Likely Will Depend On Its Old Business” with publication date: June 18, 2018 was also an interesting one.

TechTarget, Inc. (NASDAQ:TTGT) Ratings Coverage

Among 3 analysts covering TechTarget (NASDAQ:TTGT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. TechTarget had 3 analyst reports since February 7, 2018 according to SRatingsIntel. Jefferies maintained the shares of TTGT in report on Wednesday, February 7 with “Hold” rating. Craig Hallum maintained TechTarget, Inc. (NASDAQ:TTGT) rating on Thursday, May 10. Craig Hallum has “Buy” rating and $2500 target.

TechTarget, Inc. (NASDAQ:TTGT) Institutional Positions Chart

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