Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Forrester Research, Inc. (NASDAQ:FORR) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,561 shares of the technology company’s stock after selling 1,355 shares during the period. Geode Capital Management LLC owned 1.52% of Forrester Research worth $5,198,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FORR. Bank of New York Mellon Corp lifted its stake 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 raised its holdings in Forrester Research by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock valued at $307,000 after buying an additional 2,661 shares during the period. Acadian Asset Management LLC lifted its position in Forrester Research by 511.8% in the second quarter. Acadian Asset Management LLC now owns 230,848 shares of the technology company’s stock valued at $3,940,000 after buying an additional 193,116 shares during the last quarter. Ballentine Partners LLC purchased a new position in Forrester Research during the second quarter worth about $4,271,000. Finally, Quest Partners LLC increased its position in shares of Forrester Research by 1,438.0% during the second quarter. Quest Partners LLC now owns 17,041 shares of the technology company’s stock valued at $291,000 after acquiring an additional 15,933 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Stock Performance

Shares of Forrester Research stock opened at $15.85 on Friday. The business has a 50-day simple moving average of $16.15 and a 200-day simple moving average of $17.13. The company 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. Forrester Research, Inc. has a one year low of $14.38 and a one year high of $27.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Ratings Changes

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

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.