Quest Partners LLC Lowers Holdings in Forrester Research, Inc. (NASDAQ:FORR)

Quest Partners LLC reduced its holdings in shares of Forrester Research, Inc. (NASDAQ:FORR) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,253 shares of the technology company’s stock after selling 1,788 shares during the period. Quest Partners LLC owned about 0.08% of Forrester Research worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FORR. Millennium Management LLC increased its position in shares of Forrester Research by 134.7% during the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after acquiring an additional 157,510 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Forrester Research in the 2nd quarter valued at about $995,000. Cubist Systematic Strategies LLC boosted its stake in shares of Forrester Research by 111.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company’s stock valued at $1,470,000 after buying an additional 45,315 shares during the period. AXA S.A. acquired a new position in shares of Forrester Research during the second quarter worth about $803,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Forrester Research during the first quarter worth approximately $315,000. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research Stock Performance

NASDAQ:FORR opened at $16.93 on Wednesday. Forrester Research, Inc. has a 12 month low of $14.38 and a 12 month high of $27.89. 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 market capitalization of $321.60 million, a PE ratio of -48.37, a price-to-earnings-growth ratio of 1.36 and a beta of 0.88. The business’s fifty day moving average price is $16.41 and its 200 day moving average price is $17.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a report on Tuesday.

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.