Two Sigma Investments LP Sells 14,188 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Two Sigma Investments LP cut its position in Forrester Research, Inc. (NASDAQ:FORR) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,033 shares of the technology company’s stock after selling 14,188 shares during the quarter. Two Sigma Investments LP owned about 0.46% of Forrester Research worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Forrester Research by 0.4% in the fourth 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Forrester Research by 1.1% in the fourth 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 in the last quarter. Portolan Capital Management LLC grew its stake in shares of Forrester Research by 21.7% in the fourth 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 in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Forrester Research by 39.8% in the fourth 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 in the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of Forrester Research in the fourth quarter valued at $2,532,000. 55.20% of the stock is owned by institutional investors.

Forrester Research Trading Up 1.1%

FORR stock opened at $10.37 on Wednesday. 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 fifty day moving average price of $9.85 and a two-hundred day moving average price of $12.64. Forrester Research, Inc. has a one year low of $8.50 and a one year high of $20.62. The stock has a market cap of $197.68 million, a price-to-earnings ratio of -34.57, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94.

Analysts Set New Price Targets

FORR has been the subject of several analyst reports. Sidoti raised shares of Forrester Research to a “hold” rating in a research note on Wednesday, February 12th. Wall Street Zen raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research report on Thursday, May 22nd.

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.