Hotchkis & Wiley Capital Management LLC Invests $3.12 Million in Forrester Research, Inc. (NASDAQ:FORR)

Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Forrester Research, Inc. (NASDAQ:FORR - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 173,180 shares of the technology company's stock, valued at approximately $3,119,000. Hotchkis & Wiley Capital Management LLC owned about 0.91% of Forrester Research at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FORR. Point72 DIFC Ltd grew its stake in shares of Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company's stock worth $29,000 after acquiring an additional 658 shares during the period. FMR LLC boosted its stake in shares of Forrester Research by 138.7% during the 3rd quarter. FMR LLC now owns 2,535 shares of the technology company's stock worth $46,000 after acquiring an additional 1,473 shares during the last quarter. Comerica Bank lifted its position in Forrester Research by 123.3% during the first quarter. Comerica Bank now owns 11,789 shares of the technology company's stock valued at $254,000 after purchasing an additional 6,510 shares in the last quarter. Quest Partners LLC grew its stake in shares of Forrester Research by 1,438.0% during the 2nd quarter. Quest Partners LLC now owns 17,041 shares of the technology company's stock valued at $291,000 after acquiring an additional 15,933 shares during the period. Finally, Rhumbline Advisers raised its holdings in Forrester Research by 17.4% during the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company's stock valued at $307,000 after acquiring an additional 2,661 shares during the period. Institutional investors own 55.20% of the company's stock.

Forrester Research Trading Up 0.3 %

Shares of NASDAQ FORR traded up $0.05 during trading hours on Friday, hitting $16.95. 27,051 shares of the company traded hands, compared to its average volume of 69,221. The company's 50 day moving average price is $16.24 and its 200 day moving average price is $17.36. The stock has a market capitalization of $321.98 million, a price-to-earnings ratio of -48.43, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90. Forrester Research, Inc. has a 12 month low of $14.38 and a 12 month high of $27.89. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

Separately, StockNews.com raised Forrester Research from a "hold" rating to a "buy" rating in a report on Wednesday.

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.