Jane Street Group LLC Trims Holdings in Forrester Research, Inc. (NASDAQ:FORR)

Jane Street Group LLC lessened its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 64.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,669 shares of the technology company’s stock after selling 108,643 shares during the quarter. Jane Street Group LLC owned about 0.31% of Forrester Research worth $1,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in Forrester Research by 134.7% in the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after buying an additional 157,510 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake 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 worth $1,470,000 after purchasing an additional 45,315 shares during the last quarter. AXA S.A. purchased a new position in shares of Forrester Research in the 2nd quarter worth about $803,000. FMR LLC increased its position in shares of Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company’s stock valued at $46,000 after purchasing an additional 1,473 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Forrester Research during the 3rd quarter valued at about $3,119,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Forrester Research Price Performance

FORR stock opened at $15.79 on Tuesday. Forrester Research, Inc. has a 1 year low of $14.38 and a 1 year high of $27.11. The company has a market cap of $299.95 million, a P/E ratio of -45.11, a PEG ratio of 1.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $16.12 and a 200 day moving average of $17.16.

Forrester Research 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.