Forrester Research, Inc. (NASDAQ:FORR) Shares Purchased by Fmr LLC

Fmr LLC grew its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 138.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,535 shares of the technology company’s stock after purchasing an additional 1,473 shares during the quarter. Fmr LLC’s holdings in Forrester Research were worth $46,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Forrester Research by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,248 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 3,306 shares during the last quarter. Rhumbline Advisers boosted its holdings in Forrester Research by 17.4% in the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after acquiring an additional 2,661 shares during the last quarter. Acadian Asset Management LLC grew its position in Forrester Research by 511.8% during the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after acquiring an additional 193,116 shares during the period. Ballentine Partners LLC acquired a new stake in Forrester Research during the second quarter worth about $4,271,000. Finally, Quest Partners LLC increased its stake 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 worth $291,000 after acquiring an additional 15,933 shares during the last quarter. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 Stock Performance

Shares of FORR stock opened at $15.53 on Thursday. 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 company’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $17.19. The firm has a market capitalization of $295.01 million, a P/E ratio of -44.37, a P/E/G ratio of 1.36 and a beta of 0.90. Forrester Research, Inc. has a 12 month low of $14.38 and a 12 month high of $27.89.

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.