What Do Hedge Funds Think of TechTarget Inc (TTGT)?

Now, some big names have jumped into TechTarget Inc (NASDAQ:TTGT) headfirst. Highbridge Capital Management, managed by Glenn Russell Dubin, initiated the biggest position in TechTarget Inc (NASDAQ:TTGT). Highbridge Capital Management had $0.1 million invested in the company at the end of the quarter. Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital also initiated a small stake during the quarter.

Let’s now take a look at hedge fund activity in other stocks similar to TechTarget Inc (NASDAQ:TTGT). These stocks are Pacific Biosciences of California (NASDAQ:PACB), Ameresco Inc (NYSE:AMRC), CTC Media, Inc. (NASDAQ:CTCM), and Heritage Oaks Bancorp (NASDAQ:HEOP). This group of stocks’ market valuations match TTGT’s market valuation.

As you can see these stocks had an average of 7.25 hedge funds with bullish positions and the average amount invested in these stocks was $31 million. That figure was $57 million in TTGT’s case. Pacific Biosciences of California (NASDAQ:PACB) is the most popular stock in this table. On the other hand Heritage Oaks Bancorp (NASDAQ:HEOP) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks TechTarget Inc (NASDAQ:TTGT) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.