Nine Ten Capital Management buys $24,810,643 stake in TechTarget Inc (TTGT)

TechTarget Inc (TTGT) : Nine Ten Capital Management scooped up 143,648 additional shares in TechTarget Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,953,648 shares of TechTarget Inc which is valued at $24,810,643.TechTarget Inc makes up approximately 7.95% of Nine Ten Capital Management’s portfolio.

Other Hedge Funds, Including , S Squared Technology reduced its stake in TTGT by selling 1,181 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 154,125 shares of TTGT which is valued at $1,294,650. TechTarget Inc makes up approx 1.46% of S Squared Technology’s portfolio.Geode Capital Management reduced its stake in TTGT by selling 2,984 shares or 2.47% in the most recent quarter. The Hedge Fund company now holds 118,035 shares of TTGT which is valued at $973,789.California State Teachers Retirement System reduced its stake in TTGT by selling 6,100 shares or 15.54% in the most recent quarter. The Hedge Fund company now holds 33,146 shares of TTGT which is valued at $276,106.Blackrock Fund Advisors reduced its stake in TTGT by selling 41,498 shares or 8.54% in the most recent quarter. The Hedge Fund company now holds 444,365 shares of TTGT which is valued at $3,706,004.

TechTarget Inc opened for trading at $8.39 and hit $8.515 on the upside on Monday, eventually ending the session at $8.5, with a gain of 1.80% or 0.15 points. The heightened volatility saw the trading volume jump to 78,904 shares. Company has a market cap of $236 M.

On the company’s financial health, TechTarget Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.05. The company had revenue of $25.80 million for the quarter, compared to analysts expectations of $26.26 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on TechTarget Inc. Shares were Reiterated by Lake Street on Nov 10, 2016 to “Buy” and Lowered the Price Target to $ 9 from a previous price target of $10 .

TechTarget Inc. is a provider of online content and brand advertising that brings together buyers and sellers of corporate information technology (IT) products and services. The Company offers a number of data analytics solutions. The Company operates a network of over 150 Websites each of which focuses on a specific IT sector such as storage security or networking and for decision support information. The Company’s integrated content platform consists of a network of Websites. Based upon the logical clustering of users’ respective job responsibilities and the marketing focus of the products that the Company’s customers are advertising the Company’s marketing opportunities and audience extensions are addressed using nine distinct media groups such as Application Architecture and Development; Channel; CIO/IT Strategy; Data Center and Virtualization Technologies; Business Applications and Analytics; Networking; Security; Storage and TechnologyGuide.

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