Citadel Advisors LLC Cuts Stock Holdings in Forrester Research, Inc. (NASDAQ:FORR)

Citadel Advisors LLC lowered its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,330 shares of the technology company's stock after selling 48,414 shares during the quarter. Citadel Advisors LLC owned about 0.47% of Forrester Research worth $1,400,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FORR. Royce & Associates LP boosted its holdings 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 buying an additional 9,866 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 3,297 shares during the last quarter. Portolan Capital Management LLC raised its position in shares of 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 purchasing an additional 44,874 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position 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 worth $2,839,000 after buying an additional 51,618 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Forrester Research by 2.6% during the 4th quarter. Northern Trust Corp now owns 115,332 shares of the technology company's stock valued at $1,807,000 after acquiring an additional 2,883 shares during the period. Hedge funds and other institutional investors own 55.20% of the company's stock.

Forrester Research Stock Performance

NASDAQ FORR traded down $0.03 on Friday, hitting $10.69. 55,381 shares of the company's stock traded hands, compared to its average volume of 83,027. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. Forrester Research, Inc. has a 1-year low of $8.50 and a 1-year high of $20.62. The firm's 50-day moving average price is $9.82 and its two-hundred day moving average price is $12.72. The firm has a market capitalization of $203.78 million, a PE ratio of -35.63, a P/E/G ratio of 1.22 and a beta of 0.94.

Analysts Set New Price Targets

Several analysts have commented on FORR shares. 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 Company 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.