State Street Corp Grows Holdings in Forrester Research, Inc. (NASDAQ:FORR)

State Street Corp grew its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 253,181 shares of the technology company’s stock after buying an additional 2,589 shares during the quarter. State Street Corp owned 1.33% of Forrester Research worth $4,560,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd lifted its stake in 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 during the last quarter. FMR LLC boosted its stake in Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after buying an additional 1,473 shares in the last quarter. Quest Partners LLC grew its position in Forrester Research by 1,438.0% during 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. Rhumbline Advisers raised its stake in shares of Forrester Research by 17.4% during the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after acquiring an additional 2,661 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Forrester Research by 734.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,916 shares of the technology company’s stock worth $377,000 after acquiring an additional 18,410 shares during the last quarter. 55.20% of the stock is owned by institutional investors.

Forrester Research Stock Down 2.4 %

Shares of NASDAQ:FORR opened at $15.71 on Monday. The stock has a market capitalization of $298.43 million, a P/E ratio of -44.89, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. The stock’s 50-day moving average price is $16.12 and its 200-day moving average price is $17.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 12-month low of $14.38 and a 12-month high of $27.69.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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.