Assenagon Asset Management S.A. Sells 46,615 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Assenagon Asset Management S.A. cut its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 80.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.06% of Forrester Research worth $210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Acadian Asset Management LLC bought a new stake in shares of Forrester Research during the 1st quarter worth about $812,000. Millennium Management LLC lifted its holdings in Forrester Research by 134.7% in the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after purchasing an additional 157,510 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in Forrester Research by 111.2% during the second quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock worth $1,470,000 after purchasing an additional 45,315 shares during the period. AXA S.A. acquired a new position in Forrester Research during the second quarter valued at approximately $803,000. Finally, Quadrature Capital Ltd bought a new position in shares of Forrester Research in the first quarter valued at approximately $315,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Stock Down 0.5 %

FORR stock opened at $14.59 on Monday. 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 company has a 50-day moving average of $17.10 and a two-hundred day moving average of $17.72. The stock has a market capitalization of $278.09 million, a price-to-earnings ratio of 182.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.89. Forrester Research, Inc. has a 52-week low of $14.38 and a 52-week high of $27.89.

Analyst Ratings Changes

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 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.