Millennium Management LLC Boosts Holdings in Forrester Research, Inc. (NASDAQ:FORR)

Millennium Management LLC grew its position in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,713 shares of the technology company's stock after purchasing an additional 43,851 shares during the period. Millennium Management LLC owned approximately 0.64% of Forrester Research worth $1,892,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invenomic Capital Management LP bought a new stake in shares of Forrester Research in the fourth quarter worth about $2,532,000. D. E. Shaw & Co. Inc. grew its holdings in Forrester Research by 17.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 99,455 shares of the technology company's stock valued at $1,558,000 after buying an additional 14,852 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Forrester Research by 60.8% during the 4th quarter. Ameriprise Financial Inc. now owns 35,800 shares of the technology company's stock valued at $561,000 after buying an additional 13,530 shares in the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 2,883 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in Forrester Research by 63.6% during the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock valued at $87,000 after buying an additional 2,163 shares in the last quarter. Hedge funds and other institutional investors own 55.20% of the company's stock.

Analysts Set New Price Targets

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

Forrester Research Price Performance

NASDAQ FORR traded down $0.06 during trading on Wednesday, hitting $10.31. 25,427 shares of the stock traded hands, compared to its average volume of 82,415. The company has a market capitalization of $196.54 million, a P/E ratio of -34.37, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94. The firm has a 50-day simple moving average of $9.85 and a 200-day simple 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.

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.