Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 80.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,668 shares of the technology company's stock after selling 46,615 shares during the period. Assenagon Asset Management S.A. owned about 0.06% of Forrester Research worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in shares of 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 in the last quarter. BNP Paribas Financial Markets grew its stake in Forrester Research by 63.2% during the 1st quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company's stock worth $518,000 after buying an additional 9,299 shares during the last quarter. GSA Capital Partners LLP increased its position in Forrester Research by 44.4% during the 1st quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company's stock valued at $1,253,000 after buying an additional 17,864 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Forrester Research in the first quarter valued at about $223,000. Finally, Advisors Preferred LLC acquired a new stake in Forrester Research in the first quarter worth about $1,428,000. Hedge funds and other institutional investors own 55.20% of the company's stock.

Forrester Research Stock Performance

Shares of NASDAQ FORR traded up $0.10 during midday trading on Monday, reaching $14.69. The company had a trading volume of 71,049 shares, compared to its average volume of 118,188. The stock has a market cap of $279.99 million, a P/E ratio of 183.63, a P/E/G ratio of 1.19 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 1 year low of $14.38 and a 1 year high of $27.89. The business's 50-day simple moving average is $17.02 and its 200 day simple moving average is $17.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Forrester Research from a "buy" rating to a "hold" rating in a report on Tuesday, October 1st.

Forrester Research 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.