Auxier Asset Management Buys 14,024 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Auxier Asset Management grew its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 72.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,412 shares of the technology company’s stock after acquiring an additional 14,024 shares during the period. Auxier Asset Management owned about 0.18% of Forrester Research worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System purchased a new position in shares of Forrester Research in the first quarter worth about $186,000. Quadrature Capital Ltd bought a new stake in shares of Forrester Research during the 1st quarter valued at about $315,000. Price T Rowe Associates Inc. MD lifted its position in Forrester Research by 31.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,259 shares of the technology company’s stock valued at $631,000 after purchasing an additional 6,988 shares during the last quarter. Comerica Bank grew its position in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock worth $254,000 after acquiring an additional 6,510 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Forrester Research by 24.9% during the second quarter. Wedge Capital Management L L P NC now owns 57,632 shares of the technology company’s stock worth $984,000 after purchasing an additional 11,472 shares during the last quarter. 55.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday.

Forrester Research Price Performance

Forrester Research stock opened at $17.20 on Friday. The firm has a fifty day simple moving average of $16.30 and a two-hundred day simple moving average of $17.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. Forrester Research, Inc. has a twelve month low of $14.38 and a twelve month high of $27.89.

Forrester Research 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.