Assenagon Asset Management S.A. Takes Position in Forrester Research, Inc. (NASDAQ:FORR)

Assenagon Asset Management S.A. bought a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 58,283 shares of the technology company's stock, valued at approximately $995,000. Assenagon Asset Management S.A. owned about 0.30% of Forrester Research as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company's stock worth $42,000 after acquiring an additional 533 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Forrester Research by 2.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 25,456 shares of the technology company's stock valued at $682,000 after buying an additional 593 shares during the period. Quest Partners LLC bought a new stake in shares of Forrester Research in the 4th quarter valued at $28,000. Comerica Bank raised its stake in Forrester Research by 123.3% during the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company's stock worth $254,000 after buying an additional 6,510 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Forrester Research by 31.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,259 shares of the technology company's stock worth $631,000 after acquiring an additional 6,988 shares in the last quarter. Institutional investors and hedge funds own 55.20% of the company's stock.

Forrester Research Stock Up 3.7 %

FORR stock traded up $0.65 during mid-day trading on Friday, hitting $18.42. 93,839 shares of the company were exchanged, compared to its average volume of 131,841. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. Forrester Research, Inc. has a 1-year low of $16.14 and a 1-year high of $31.67. The firm's 50 day simple moving average is $17.90 and its 200 day simple moving average is $18.94. The firm has a market cap of $351.95 million, a P/E ratio of 614.00, a P/E/G ratio of 1.40 and a beta of 0.91.

Forrester Research (NASDAQ:FORR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.09). Forrester Research had a return on equity of 6.54% and a net margin of 0.32%. On average, sell-side analysts predict that Forrester Research, Inc. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the business's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $18.26, for a total value of $71,122.70. Following the sale, the insider now owns 19,640 shares in the company, valued at approximately $358,626.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.20% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Forrester Research from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.