New York State Teachers Retirement System reduced its holdings in Forrester Research, Inc. (NASDAQ:FORR – Free Report) by 18.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,782 shares of the technology company’s stock after selling 1,500 shares during the quarter. New York State Teachers Retirement System’s holdings in Forrester Research were worth $197,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Captrust Financial Advisors increased 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 worth $26,000 after purchasing an additional 335 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Forrester Research by 120.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 689 shares of the technology company’s stock worth $25,000 after purchasing an additional 377 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Forrester Research by 109.4% in the first quarter. Tower Research Capital LLC TRC now owns 760 shares of the technology company’s stock worth $25,000 after purchasing an additional 397 shares in the last quarter. FMR LLC increased its holdings in Forrester Research by 104.7% in the first quarter. FMR LLC now owns 790 shares of the technology company’s stock worth $26,000 after purchasing an additional 404 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Forrester Research by 1.2% in the second quarter. Legal & General Group Plc now owns 34,776 shares of the technology company’s stock worth $1,663,000 after purchasing an additional 417 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.
Forrester Research Stock Up 1.2 %
Shares of NASDAQ:FORR opened at $26.56 on Friday. The stock has a market cap of $512.61 million, a price-to-earnings ratio of 102.16, a PEG ratio of 1.28 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 12-month low of $22.62 and a 12-month high of $42.86. The business’s 50 day moving average is $29.48 and its 200 day moving average is $29.93.
Insider Activity at Forrester Research
In related news, insider Ryan Darrah sold 2,835 shares of Forrester Research stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $31.94, for a total transaction of $90,549.90. Following the transaction, the insider now owns 16,055 shares of the company’s stock, valued at $512,796.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Forrester Research news, insider Carrie Johnson sold 1,117 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $32.01, for a total value of $35,755.17. Following the transaction, the insider now owns 8,811 shares of the company’s stock, valued at $282,040.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan Darrah sold 2,835 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $31.94, for a total value of $90,549.90. Following the completion of the transaction, the insider now directly owns 16,055 shares in the company, valued at approximately $512,796.70. The disclosure for this sale can be found here. Insiders have sold a total of 5,252 shares of company stock valued at $167,943 over the last 90 days. Insiders own 39.50% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on FORR shares. StockNews.com started coverage on Forrester Research in a report on Thursday, October 5th. They set a “buy” rating for the company. Barrington Research boosted their price objective on Forrester Research from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 31st.
Get Our Latest Stock Analysis on FORR
About Forrester Research
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.
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