Forrester Research, Inc. (NASDAQ:FORR) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 57.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,713 shares of the technology company’s stock after purchasing an additional 43,851 shares during the quarter. Millennium Management LLC owned 0.64% of Forrester Research worth $1,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Forrester Research in the 4th quarter valued at $111,000. Rhumbline Advisers boosted its position in shares of Forrester Research by 7.8% in the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company’s stock valued at $291,000 after purchasing an additional 1,337 shares during the period. Royce & Associates LP boosted its position in shares of Forrester Research by 0.4% in the 4th quarter. Royce & Associates LP now owns 2,486,726 shares of the technology company’s stock valued at $38,967,000 after purchasing an additional 9,866 shares during the period. JPMorgan Chase & Co. raised its stake in Forrester Research by 1,969.7% during the 4th quarter. JPMorgan Chase & Co. now owns 108,204 shares of the technology company’s stock valued at $1,696,000 after acquiring an additional 102,976 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in Forrester Research by 39.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 181,158 shares of the technology company’s stock valued at $2,839,000 after acquiring an additional 51,618 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $10.26 on Tuesday. Forrester Research, Inc. has a 1-year low of $8.50 and a 1-year high of $20.62. The business has a 50-day moving average of $9.83 and a 200-day moving average of $12.65. 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 has a market capitalization of $195.59 million, a price-to-earnings ratio of -34.20, a PEG ratio of 1.22 and a beta of 0.94.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Sidoti raised Forrester Research to a “hold” rating in a research note on Wednesday, February 12th. Wall Street Zen raised Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd.

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.