Creative Planning Acquires 10,651 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Creative Planning raised its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 66.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,772 shares of the technology company’s stock after purchasing an additional 10,651 shares during the quarter. Creative Planning’s holdings in Forrester Research were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kent Lake Capital LLC bought a new position in shares of Forrester Research during the first quarter worth approximately $11,473,000. Millennium Management LLC increased its stake 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 purchasing an additional 157,510 shares during the period. Ballentine Partners LLC bought a new position in shares of Forrester Research during the second quarter worth approximately $4,271,000. Acadian Asset Management LLC increased its stake in shares of Forrester Research by 511.8% during the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock worth $3,940,000 after purchasing an additional 193,116 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of 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 period. Institutional investors own 55.20% of the company’s stock.

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $16.00 on Thursday. The business’s 50 day moving average is $16.88 and its 200-day moving average is $17.65. Forrester Research, Inc. has a 1-year low of $14.38 and a 1-year high of $27.89. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. The firm has a market cap of $304.96 million, a P/E ratio of 200.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Forrester Research from a “buy” rating to a “hold” rating in a research note 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.