Barclays PLC Boosts Holdings in Forrester Research, Inc. (NASDAQ:FORR)

Barclays PLC lifted its stake in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 71.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,090 shares of the technology company's stock after buying an additional 18,319 shares during the period. Barclays PLC owned approximately 0.23% of Forrester Research worth $794,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Forrester Research in the 3rd quarter valued at $3,119,000. Millennium Management LLC grew its position in Forrester Research by 134.7% during the 2nd quarter. Millennium Management LLC now owns 274,440 shares of the technology company's stock worth $4,687,000 after purchasing an additional 157,510 shares during the last quarter. AXA S.A. acquired a new position in Forrester Research in the second quarter valued at $803,000. Cubist Systematic Strategies LLC raised its holdings in shares of Forrester Research by 111.2% in the second quarter. Cubist Systematic Strategies LLC now owns 86,063 shares of the technology company's stock valued at $1,470,000 after buying an additional 45,315 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Forrester Research by 87.7% during the second quarter. AQR Capital Management LLC now owns 63,841 shares of the technology company's stock worth $1,090,000 after buying an additional 29,824 shares during the period. 55.20% of the stock is owned by hedge funds and other institutional investors.

Forrester Research Stock Performance

Shares of Forrester Research stock traded up $0.07 during trading hours on Thursday, hitting $14.87. 59,793 shares of the company were exchanged, compared to its average volume of 42,188. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $16.11 and a 200-day moving average of $17.01. Forrester Research, Inc. has a 1 year low of $13.96 and a 1 year high of $27.11. The stock has a market capitalization of $282.53 million, a price-to-earnings ratio of -42.49, a P/E/G ratio of 0.93 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Forrester Research from a "hold" rating to a "buy" rating in a research report on Saturday, December 14th.

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.