Assenagon Asset Management S.A. Makes New Investment in Forrester Research, Inc. (NASDAQ:FORR)

Assenagon Asset Management S.A. bought a new position in Forrester Research, Inc. (NASDAQ:FORR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Forrester Research in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. boosted its holdings in shares of Forrester Research by 52.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 533 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Forrester Research in the first quarter valued at approximately $186,000. Paloma Partners Management Co bought a new position in shares of Forrester Research in the first quarter valued at approximately $222,000. Finally, Quantbot Technologies LP bought a new position in shares of Forrester Research in the first quarter valued at approximately $223,000. Institutional investors own 55.20% of the company’s stock.

Forrester Research Trading Down 1.8 %

Forrester Research stock opened at $17.77 on Friday. The stock has a market capitalization of $339.53 million, a PE ratio of 592.33, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. Forrester Research, Inc. has a 12-month low of $16.14 and a 12-month high of $31.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $18.98.

Forrester Research (NASDAQ:FORR) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share 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%. As a group, equities research analysts expect that Forrester Research, Inc. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Insider Buying and Selling

In related news, insider Ryan Darrah sold 3,895 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the completion of the sale, the insider now directly owns 19,640 shares in the company, valued at $358,626.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 39.20% of the stock is currently owned by insiders.

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.