Creative Planning Has $482,000 Position in Forrester Research, Inc. (NASDAQ:FORR)

Creative Planning lifted its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 66.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,772 shares of the technology company’s stock after buying an additional 10,651 shares during the period. Creative Planning owned about 0.14% of Forrester Research worth $482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of Forrester Research during the first quarter worth about $812,000. Millennium Management LLC boosted its position in Forrester Research by 134.7% during the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock valued at $4,687,000 after purchasing an additional 157,510 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Forrester Research during the second quarter valued at approximately $995,000. Cubist Systematic Strategies LLC boosted its position in Forrester Research by 111.2% during the second quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock valued at $1,470,000 after purchasing an additional 45,315 shares during the last quarter. Finally, AXA S.A. acquired a new position in Forrester Research during the second quarter valued at approximately $803,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Stock Performance

Shares of NASDAQ FORR opened at $16.00 on Thursday. The stock has a 50 day moving average price of $16.88 and a 200 day moving average price of $17.65. Forrester Research, Inc. has a 52 week low of $14.38 and a 52 week high of $27.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $304.96 million, a PE ratio of 200.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.11). The company had revenue of $102.53 million for the quarter, compared to analyst estimates of $101.94 million. Forrester Research had a net margin of 0.32% and a return on equity of 6.52%. Analysts predict that Forrester Research, Inc. will post 0.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

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.