Forrester Research, Inc. (NASDAQ:FORR) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in Forrester Research, Inc. (NASDAQ:FORR) by 734.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,916 shares of the technology company’s stock after acquiring an additional 18,410 shares during the quarter. BNP Paribas Financial Markets owned 0.11% of Forrester Research worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd boosted its holdings in Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after acquiring an additional 658 shares during the last quarter. FMR LLC boosted its holdings in Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,473 shares during the last quarter. Comerica Bank boosted its holdings in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after acquiring an additional 6,510 shares during the last quarter. Quest Partners LLC boosted its holdings in Forrester Research by 1,438.0% in the second quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock valued at $291,000 after acquiring an additional 15,933 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Forrester Research by 17.4% in the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after acquiring an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday.

Forrester Research Stock Down 2.2 %

Shares of Forrester Research stock opened at $16.11 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The firm has a market cap of $306.09 million, a P/E ratio of -46.03, a P/E/G ratio of 1.36 and a beta of 0.90. Forrester Research, Inc. has a fifty-two week low of $14.38 and a fifty-two week high of $27.89. The business has a 50-day moving average price of $16.24 and a 200 day moving average price of $17.31.

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.