Forrester Research, Inc. (NASDAQ:FORR) Shares Acquired by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC grew its position in Forrester Research, Inc. (NASDAQ:FORR) by 27.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,738 shares of the technology company’s stock after buying an additional 1,031 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Forrester Research were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Forrester Research during the 1st quarter valued at about $26,000. Private Ocean LLC acquired a new position in shares of Forrester Research in the first quarter valued at about $61,000. BNP Paribas Arbitrage SA increased its holdings in shares of Forrester Research by 940.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,415 shares of the technology company’s stock valued at $117,000 after purchasing an additional 2,183 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Forrester Research in the fourth quarter valued at about $131,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Forrester Research by 395.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,459 shares of the technology company’s stock valued at $155,000 after purchasing an additional 2,761 shares during the period. Institutional investors and hedge funds own 56.09% of the company’s stock.

In other Forrester Research news, insider Kelley Hippler sold 3,000 shares of Forrester Research stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $46.03, for a total transaction of $138,090.00. Following the completion of the sale, the insider now directly owns 23,253 shares of the company’s stock, valued at approximately $1,070,335.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gretchen Teichgraeber sold 1,000 shares of Forrester Research stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $45.83, for a total value of $45,830.00. Following the sale, the director now directly owns 17,701 shares of the company’s stock, valued at $811,236.83. The disclosure for this sale can be found here. Insiders own 43.40% of the company’s stock.

Shares of NASDAQ FORR traded up $0.20 during midday trading on Thursday, hitting $49.17. The stock had a trading volume of 44,784 shares, compared to its average volume of 49,746. Forrester Research, Inc. has a 1 year low of $36.19 and a 1 year high of $51.75. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $906.55 million, a P/E ratio of 58.54 and a beta of 0.65. The company’s 50 day simple moving average is $46.83.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.73) EPS for the quarter, beating the consensus estimate of ($0.76) by $0.03. The firm had revenue of $100.65 million during the quarter, compared to analysts’ expectations of $98.00 million. Forrester Research had a return on equity of 2.61% and a net margin of 1.00%. Equities research analysts anticipate that Forrester Research, Inc. will post -0.52 earnings per share for the current year.

A number of brokerages have recently weighed in on FORR. TheStreet lowered Viavi Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered Great Portland Estates from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Maxim Group reaffirmed a “buy” rating and set a $315.00 target price (up from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 24th. Finally, Barrington Research increased their price target on Lions Gate Entertainment to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.00.

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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