Nuveen Asset Management LLC Sells 30,340 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Nuveen Asset Management LLC trimmed its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 48.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,333 shares of the technology company's stock after selling 30,340 shares during the quarter. Nuveen Asset Management LLC owned 0.17% of Forrester Research worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Invenomic Capital Management LP acquired a new position in Forrester Research during the 4th quarter worth approximately $2,532,000. JPMorgan Chase & Co. lifted its stake in shares of Forrester Research by 1,969.7% in the fourth quarter. JPMorgan Chase & Co. now owns 108,204 shares of the technology company's stock worth $1,696,000 after acquiring an additional 102,976 shares during the period. Pacific Ridge Capital Partners LLC lifted 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 worth $2,839,000 after acquiring an additional 51,618 shares during the period. Federated Hermes Inc. boosted its holdings in Forrester Research by 89.2% in the fourth quarter. Federated Hermes Inc. now owns 100,099 shares of the technology company's stock valued at $1,569,000 after acquiring an additional 47,183 shares during the last quarter. Finally, Portolan Capital Management LLC increased its position in Forrester Research by 21.7% during 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 period. 55.20% of the stock is currently owned by institutional investors and hedge funds.

Forrester Research Trading Up 5.2%

Shares of FORR stock traded up $0.53 during mid-day trading on Friday, hitting $10.68. The company's stock had a trading volume of 136,581 shares, compared to its average volume of 82,270. The company has a market cap of $203.59 million, a PE ratio of -35.60, a P/E/G ratio of 1.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The company's fifty day simple moving average is $9.91 and its 200-day simple moving average is $12.51. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $20.62.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FORR. Sidoti upgraded shares of Forrester Research to a "hold" rating in a research report on Wednesday, February 12th. Wall Street Zen upgraded shares of Forrester Research from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd.

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.