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

Nuveen Asset Management LLC lessened its stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 48.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FORR. Hsbc Holdings PLC boosted its position in shares of Forrester Research by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock valued at $205,000 after acquiring an additional 802 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Forrester Research by 50.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock valued at $54,000 after purchasing an additional 1,153 shares during the period. Rhumbline Advisers grew its position in Forrester Research by 7.8% in the 4th quarter. Rhumbline Advisers now owns 18,571 shares of the technology company's stock worth $291,000 after purchasing an additional 1,337 shares during the last quarter. Wells Fargo & Company MN grew its position in Forrester Research by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its holdings in shares of Forrester Research by 63.6% during the 4th quarter. Aquatic Capital Management LLC now owns 5,563 shares of the technology company's stock worth $87,000 after purchasing an additional 2,163 shares during the period. Hedge funds and other institutional investors own 55.20% of the company's stock.

Wall Street Analyst Weigh In

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

Forrester Research Stock Performance

Shares of FORR stock remained flat at $10.68 during mid-day trading on Monday. 99,961 shares of the stock were exchanged, compared to its average volume of 82,340. The firm's fifty day moving average is $9.91 and its 200-day moving average is $12.48. The company has a market capitalization of $203.59 million, a P/E ratio of -35.60, a P/E/G ratio of 1.22 and a beta of 0.99. Forrester Research, Inc. has a 52 week low of $8.50 and a 52 week high of $20.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

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.