Nuveen LLC Invests $299,000 in Forrester Research, Inc. $FORR

Key Points

• Nuveen LLC purchased 32,333 shares of Forrester Research, valued at approximately $299,000, acquiring a 0.17% stake in the company.
• Other institutional investors, including Wells Fargo and Millennium Management, have also increased their stakes in Forrester Research, contributing to over 55.20% of the company's stock being owned by institutional investors.
• Forrester Research's stock has seen recent upgrades, moving from a "hold" rating to a "buy" rating, indicating a potentially positive shift in analyst sentiment.

Nuveen LLC bought a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,333 shares of the technology company's stock, valued at approximately $299,000. Nuveen LLC owned about 0.17% of Forrester Research at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Forrester Research by 50.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,455 shares of the technology company's stock worth $54,000 after acquiring an additional 1,153 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Forrester Research by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,880 shares of the technology company's stock worth $108,000 after acquiring an additional 1,497 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Forrester Research by 23.0% during the fourth quarter. Squarepoint Ops LLC now owns 12,944 shares of the technology company's stock worth $203,000 after acquiring an additional 2,418 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Forrester Research by 6.5% during the fourth quarter. Hsbc Holdings PLC now owns 13,080 shares of the technology company's stock worth $205,000 after acquiring an additional 802 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new position in shares of Forrester Research during the first quarter worth approximately $426,000. 55.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of Forrester Research from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. Wall Street Zen raised shares of Forrester Research from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Forrester Research has a consensus rating of "Hold".

Forrester Research Trading Up 1.5%

Forrester Research stock traded up $0.15 during mid-day trading on Thursday, reaching $10.01. 105,437 shares of the company traded hands, compared to its average volume of 77,336. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.09 and a quick ratio of 1.09. The firm's 50 day moving average price is $10.01 and its 200 day moving average price is $10.01. The firm has a market capitalization of $190.82 million, a price-to-earnings ratio of -2.13, a P/E/G ratio of 0.90 and a beta of 0.95. Forrester Research, Inc. has a 52-week low of $8.50 and a 52-week high of $19.74.

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.