Swiss National Bank boosted its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 11.5% in the second quarter, HoldingsChannel reports. The firm owned 20,350 shares of the technology company’s stock after buying an additional 2,100 shares during the period. Swiss National Bank’s holdings in Forrester Research were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of FORR. Bank of America Corp DE increased its stake in shares of Forrester Research by 319.4% in the 4th quarter. Bank of America Corp DE now owns 9,089 shares of the technology company’s stock valued at $406,000 after purchasing an additional 6,922 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Forrester Research by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 777,645 shares of the technology company’s stock worth $34,761,000 after buying an additional 2,723 shares during the period. BNP Paribas Arbitrage SA raised its stake 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 worth $117,000 after buying an additional 2,183 shares during the period. SG Americas Securities LLC purchased a new position in shares of Forrester Research during the 1st quarter valued at approximately $224,000. Finally, Comerica Bank lifted its position in shares of Forrester Research by 3.3% during the 1st quarter. Comerica Bank now owns 10,107 shares of the technology company’s stock valued at $501,000 after buying an additional 324 shares in the last quarter. 56.01% of the stock is currently owned by institutional investors.

In other news, Director Gretchen Teichgraeber sold 1,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was 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 of the company’s stock, valued at approximately $811,236.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Neil Bradford acquired 3,040 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were acquired at an average cost of $32.63 per share, with a total value of $99,195.20. Following the completion of the transaction, the director now directly owns 8,809 shares in the company, valued at approximately $287,437.67. The disclosure for this purchase can be found here. Company insiders own 43.40% of the company’s stock.

Shares of NASDAQ FORR traded up $0.80 during midday trading on Wednesday, hitting $35.49. The stock had a trading volume of 725 shares, compared to its average volume of 77,719. The company has a market capitalization of $635.03 million, a PE ratio of 41.67 and a beta of 0.75. The stock has a 50 day simple moving average of $37.76 and a 200-day simple moving average of $45.67. Forrester Research, Inc. has a 1 year low of $31.77 and a 1 year high of $51.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.31.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Forrester Research had a negative return on equity of 1.65% and a negative net margin of 0.59%. The firm had revenue of $128.18 million during the quarter, compared to analysts’ expectations of $126.76 million. As a group, analysts expect that Forrester Research, Inc. will post -0.57 earnings per share for the current fiscal year.

Several equities research analysts recently commented on FORR shares. Barrington Research reissued a “hold” rating on shares of Forrester Research in a report on Thursday, August 8th. Sidoti initiated coverage on shares of Forrester Research in a report on Wednesday, August 28th. They set a “buy” rating and a $55.00 price objective on the stock. Maxim Group reiterated a “buy” rating and issued a $59.00 target price (down previously from $62.00) on shares of Forrester Research in a research report on Thursday, August 1st. TheStreet lowered shares of Forrester Research from an “a-” rating to a “c+” rating in a research report on Monday, June 3rd. Finally, ValuEngine cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.67.

Forrester Research Company Profile

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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