Ameriprise Financial Inc. Buys 13,530 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Ameriprise Financial Inc. lifted its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 60.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,800 shares of the technology company’s stock after purchasing an additional 13,530 shares during the quarter. Ameriprise Financial Inc. owned about 0.19% of Forrester Research worth $561,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FORR. Royce & Associates LP increased its stake in 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 buying an additional 9,866 shares during the last quarter. Geode Capital Management LLC increased its stake in Forrester Research by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 291,858 shares of the technology company’s stock valued at $4,574,000 after buying an additional 3,297 shares during the last quarter. Portolan Capital Management LLC increased its stake in Forrester Research by 21.7% in the 4th quarter. Portolan Capital Management LLC now owns 251,473 shares of the technology company’s stock valued at $3,941,000 after buying an additional 44,874 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Forrester Research by 39.8% in 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 buying an additional 51,618 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Forrester Research by 2.6% in the 4th quarter. Northern Trust Corp now owns 115,332 shares of the technology company’s stock valued at $1,807,000 after buying an additional 2,883 shares during the last quarter. Institutional investors own 55.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Sidoti upgraded shares of Forrester Research to a “hold” rating in a research note on Wednesday, February 12th.

Forrester Research Trading Up 1.1%

Shares of FORR stock opened at $10.37 on Wednesday. The company has a 50 day moving average of $9.85 and a 200-day moving average of $12.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 12-month low of $8.50 and a 12-month high of $20.62. The firm has a market cap of $197.68 million, a P/E ratio of -34.57, a PEG ratio of 1.22 and a beta of 0.94.

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.