Swiss National Bank increased its position in Forrester Research, Inc. (NASDAQ:FORR) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,350 shares of the technology company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank owned 0.11% of Forrester Research worth $957,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in shares of Forrester Research by 940.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the technology company’s stock valued at $117,000 after buying an additional 2,183 shares in the last quarter. MetLife Investment Advisors LLC raised its position in Forrester Research by 27.8% during the first quarter. MetLife Investment Advisors LLC now owns 4,738 shares of the technology company’s stock valued at $229,000 after purchasing an additional 1,031 shares during the period. Texas Permanent School Fund raised its position in Forrester Research by 3.8% during the first quarter. Texas Permanent School Fund now owns 6,945 shares of the technology company’s stock valued at $336,000 after purchasing an additional 252 shares during the period. Martingale Asset Management L P lifted its stake in shares of Forrester Research by 22.0% in the 1st quarter. Martingale Asset Management L P now owns 62,205 shares of the technology company’s stock valued at $3,008,000 after purchasing an additional 11,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Forrester Research by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 777,645 shares of the technology company’s stock valued at $34,761,000 after purchasing an additional 2,723 shares during the last quarter. 56.01% of the stock is owned by institutional investors.

Shares of FORR traded up $0.80 during mid-day trading on Wednesday, reaching $35.49. 725 shares of the company’s stock traded hands, compared to its average volume of 77,719. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.64 and a quick ratio of 0.64. The stock’s 50-day moving average is $37.76 and its two-hundred day moving average is $45.67. Forrester Research, Inc. has a 12 month low of $31.77 and a 12 month high of $51.75. The stock has a market cap of $635.03 million, a P/E ratio of 41.67 and a beta of 0.75.

Forrester Research (NASDAQ:FORR) last released its earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $128.18 million for the quarter, compared to analyst estimates of $126.76 million. Forrester Research had a negative return on equity of 1.65% and a negative net margin of 0.59%. Research analysts predict that Forrester Research, Inc. will post -0.57 earnings per share for the current year.

In other news, Director Neil Bradford purchased 3,040 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of $32.63 per share, with a total value of $99,195.20. Following the transaction, the director now owns 8,809 shares of the company’s stock, valued at $287,437.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gretchen Teichgraeber sold 1,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $45.83, for a total value of $45,830.00. Following the transaction, the director now owns 17,701 shares in the company, valued at approximately $811,236.83. The disclosure for this sale can be found here. Insiders own 43.40% of the company’s stock.

FORR has been the topic of several recent research reports. BidaskClub lowered Forrester Research from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 14th. Zacks Investment Research upgraded shares of Forrester Research from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, August 1st. TheStreet cut shares of Forrester Research from an “a-” rating to a “c+” rating in a research report on Monday, June 3rd. ValuEngine downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Sidoti began coverage on shares of Forrester Research in a research note on Wednesday, August 28th. They set a “buy” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.67.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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