Forrester Research, Inc. (NASDAQ:FORR) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of Forrester Research, Inc. (NASDAQ:FORR) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,476,860 shares of the technology company’s stock after selling 7,764 shares during the period. Royce & Associates LP owned about 0.13% of Forrester Research worth $44,608,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FORR. Point72 DIFC Ltd raised its stake in shares of Forrester Research by 62.4% during the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after buying an additional 658 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Forrester Research in the 1st quarter valued at about $186,000. Paloma Partners Management Co purchased a new position in shares of Forrester Research in the 1st quarter valued at about $222,000. Quantbot Technologies LP purchased a new position in shares of Forrester Research in the 1st quarter valued at about $223,000. Finally, Comerica Bank increased its stake in shares of Forrester Research by 123.3% in the 1st quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after purchasing an additional 6,510 shares in the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Forrester Research Price Performance

FORR opened at $16.72 on Friday. Forrester Research, Inc. has a one year low of $14.38 and a one year high of $27.89. The business’s 50 day moving average price is $16.67 and its 200 day moving average price is $17.58. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

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

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.