Here is What Hedge Funds Think About TechTarget Inc (TTGT)

As aggregate interest increased, specific money managers have been driving this bullishness. Headlands Capital, led by David Park, created the biggest position in TechTarget Inc (NASDAQ:TTGT). According to regulatory filings, the fund had $7.1 million invested in the company at the end of the quarter. John W. Rogers’s Ariel Investments also initiated a $4.1 million position during the quarter. The only other fund with a brand new TTGT position is Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

Let’s now take a look at hedge fund activity in other stocks similar to TechTarget Inc (NASDAQ:TTGT). We will take a look at CRA International, Inc. (NASDAQ:CRAI), Zix Corporation (NASDAQ:ZIXI), Invivo Therapeutics Holdings Corp (NASDAQ:NVIV), and Diana Shipping Inc. (NYSE:DSX). This group of stocks’ market values are closest to TTGT’s market value.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $24 million. That figure was $80 million in TTGT’s case. CRA International, Inc. (NASDAQ:CRAI) is the most popular stock in this table. On the other hand Invivo Therapeutics Holdings Corp (NASDAQ:NVIV) is the least popular one with only 4 bullish hedge fund positions. TechTarget Inc (NASDAQ:TTGT) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CRAI might be a better candidate to consider taking a long position in.

Disclosure: none.