Pacific Ridge Capital Partners LLC Buys 51,618 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Pacific Ridge Capital Partners LLC raised its position in Forrester Research, Inc. (NASDAQ:FORR - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,158 shares of the technology company's stock after buying an additional 51,618 shares during the period. Pacific Ridge Capital Partners LLC owned 0.95% of Forrester Research worth $2,839,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in FORR. Royce & Associates LP grew its position in Forrester Research by 0.4% during the 4th quarter. Royce & Associates LP now owns 2,486,726 shares of the technology company's stock worth $38,967,000 after acquiring an additional 9,866 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in Forrester Research by 3.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 784,521 shares of the technology company's stock worth $14,129,000 after purchasing an additional 26,810 shares in the last quarter. State Street Corp grew its holdings in shares of Forrester Research by 1.0% during the third quarter. State Street Corp now owns 253,181 shares of the technology company's stock worth $4,560,000 after purchasing an additional 2,589 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Forrester Research in the third quarter valued at $3,119,000. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $1,696,000 after buying an additional 102,976 shares during the last quarter. 55.20% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

FORR has been the topic of a number of research analyst reports. StockNews.com raised shares of Forrester Research from a "hold" rating to a "buy" rating in a report on Saturday, December 14th. Sidoti raised shares of Forrester Research to a "hold" rating in a research note on Wednesday, February 12th.

Forrester Research Trading Down 2.4 %

FORR traded down $0.23 during mid-day trading on Monday, reaching $9.52. The stock had a trading volume of 4,195 shares, compared to its average volume of 89,538. The firm's fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $14.88. The stock has a market capitalization of $180.70 million, a P/E ratio of -31.70, a P/E/G ratio of 1.22 and a beta of 0.93. Forrester Research, Inc. has a 52 week low of $9.10 and a 52 week high of $21.66. 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.