Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Forrester Research, Inc. (NASDAQ:FORRGet Rating) by 69.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,606 shares of the technology company’s stock after acquiring an additional 660 shares during the quarter. Lazard Asset Management LLC’s holdings in Forrester Research were worth $76,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FORR. Captrust Financial Advisors lifted its holdings in Forrester Research by 250.0% in the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after acquiring an additional 335 shares during the period. KBC Group NV acquired a new position in shares of Forrester Research during the 2nd quarter worth approximately $45,000. Contravisory Investment Management Inc. acquired a new position in shares of Forrester Research during the 2nd quarter worth approximately $192,000. Bank of Montreal Can acquired a new position in shares of Forrester Research during the 1st quarter worth approximately $200,000. Finally, Hightower 6M Holding LLC acquired a new position in shares of Forrester Research during the 1st quarter worth approximately $219,000. 55.51% of the stock is owned by institutional investors and hedge funds.

Forrester Research Trading Down 0.5 %

Shares of FORR stock opened at $35.34 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.83 and a quick ratio of 0.83. Forrester Research, Inc. has a 1-year low of $33.49 and a 1-year high of $60.90. The company has a market cap of $673.30 million, a price-to-earnings ratio of 21.68, a PEG ratio of 1.41 and a beta of 1.01. The stock has a 50 day simple moving average of $37.27 and a 200-day simple moving average of $43.12.

Insider Buying and Selling

In related news, insider Carrie Johnson sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $34.75, for a total transaction of $69,500.00. Following the completion of the sale, the insider now directly owns 5,088 shares in the company, valued at $176,808. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 5,476 shares of company stock worth $195,575. 40.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FORR. Barrington Research reduced their target price on Forrester Research from $65.00 to $48.00 in a research note on Thursday, November 10th. William Blair reaffirmed a “market perform” rating on shares of Forrester Research in a research note on Monday, August 1st. Finally, StockNews.com began coverage on Forrester Research in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company.

About Forrester Research

(Get Rating)

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

See Also

Want to see what other hedge funds are holding FORR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forrester Research, Inc. (NASDAQ:FORRGet Rating).

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

Receive News & Ratings for Forrester Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research and related companies with MarketBeat.com's FREE daily email newsletter.