Fmr LLC Raises Stock Position in Forrester Research, Inc. (NASDAQ:FORR)

Fmr LLC boosted its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 138.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,535 shares of the technology company’s stock after purchasing an additional 1,473 shares during the period. Fmr LLC’s holdings in Forrester Research were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Point72 DIFC Ltd increased its stake in shares of Forrester Research by 62.4% during the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock worth $29,000 after purchasing an additional 658 shares in the last quarter. Quest Partners LLC boosted its holdings in Forrester Research by 1,438.0% in the 2nd quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock worth $291,000 after buying an additional 15,933 shares during the last quarter. Rhumbline Advisers increased its stake in Forrester Research by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after buying an additional 2,661 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Forrester Research by 17.9% during the second quarter. Marshall Wace LLP now owns 23,445 shares of the technology company’s stock valued at $400,000 after acquiring an additional 3,552 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Forrester Research in the second quarter valued at approximately $429,000. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Stock Down 0.1 %

Shares of NASDAQ:FORR opened at $15.53 on Thursday. The firm’s 50-day moving average is $16.15 and its two-hundred day moving average is $17.19. 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 1 year low of $14.38 and a 1 year high of $27.89. The firm has a market capitalization of $295.01 million, a PE ratio of -44.37, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th.

Forrester Research Company 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.