Geode Capital Management LLC Decreases Stake in Forrester Research, Inc. (NASDAQ:FORR)

Geode Capital Management LLC lessened its stake in Forrester Research, Inc. (NASDAQ:FORR) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,561 shares of the technology company’s stock after selling 1,355 shares during the quarter. Geode Capital Management LLC’s holdings in Forrester Research were worth $5,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FORR. ArrowMark Colorado Holdings LLC grew its holdings in Forrester Research by 3.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company’s stock valued at $14,129,000 after purchasing an additional 26,810 shares during the last quarter. Millennium Management LLC boosted its position in shares of 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. Ballentine Partners LLC grew its stake in Forrester Research by 1.7% in the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock valued at $4,582,000 after acquiring an additional 4,342 shares during the last quarter. State Street Corp grew its stake in Forrester Research by 1.0% in the 3rd quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after acquiring an additional 2,589 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Forrester Research by 511.8% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Stock Performance

NASDAQ:FORR opened at $15.85 on Friday. 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 cap of $301.09 million, a PE ratio of -45.29, a P/E/G ratio of 1.36 and a beta of 0.91. The firm has a 50 day simple moving average of $16.15 and a 200-day simple moving average of $17.13. Forrester Research, Inc. has a 1-year low of $14.38 and a 1-year high of $27.11.

Analyst Upgrades and Downgrades

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

About Forrester Research

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.