SCHEDULE 13G/A: Royce & Associates LP Maintains Significant 9.66% Stake in Forrester Research, Inc.

Royce & Associates LP has filed an amended Schedule 13G, confirming its beneficial ownership of 9.66% of Forrester Research, Inc.'s common stock as of March 31, 2025.

Summary

• Royce & Associates LP, an investment adviser, filed an Amendment No. 12 to Schedule 13G concerning its beneficial ownership in Forrester Research, Inc.
• The filing reports that Royce & Associates LP beneficially owns 1,833,271 shares of Forrester Research, Inc. Common Stock.
• This ownership represents 9.66% of the total class of securities outstanding.
• Royce & Associates LP holds sole voting power and sole dispositive power over all 1,833,271 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Royce & Associates LP is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI), but it exercises investment discretion and voting power independently from FRI and its other affiliates.
• Informational barriers are established between Royce & Associates LP and FRI affiliates to prevent the flow of information related to voting and investment powers.
• Royce & Associates LP disclaims any pecuniary interest in the reported securities and asserts that it is not a 'group' with FRI affiliates or their principal shareholders.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership, which is inherently neutral in sentiment as it reports factual data without expressing positive or negative views on the issuer's performance or prospects.

Positives

• A significant institutional investor, Royce & Associates LP, maintains a substantial 9.66% stake in Forrester Research, Inc., indicating continued investment interest and potential long-term confidence.

Future Outlook

The Schedule 13G filing is a disclosure of beneficial ownership and does not provide any forward-looking statements or guidance regarding Forrester Research, Inc.'s future performance or strategic outlook.

Management Comments

• "Royce & Associates LP certifies that the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities."
• "Royce & Associates LP disclaims any pecuniary interest in any of the securities reported in this Schedule 13G."
• "The filing of this Schedule 13G on behalf of RALP should not be construed as an admission that it is, and it disclaims that it is, the beneficial owner, as defined in Rule 13d 3, of any of such securities."
• "RALP believes that it is not a 'group' with FRI affiliates, the Principal Shareholders, or their respective affiliates within the meaning of Rule 13d 5 under the Act."

Industry Context

This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive dynamics within the research and advisory sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in the company.
• Investment Professionals: Offers data on institutional holdings for portfolio analysis and market insights.

Next Steps

• Future filings will be made as required by SEC regulations if there are significant changes to the beneficial ownership stake of Royce & Associates LP in Forrester Research, Inc.

Key Dates

Keywords

Forrester Research, Royce & Associates LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Investor, Ownership Stake