Two Sigma Advisers LP lessened its holdings in Forrester Research, Inc. (NASDAQ:FORR) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,792 shares of the technology company’s stock after selling 5,373 shares during the quarter. Two Sigma Advisers LP’s holdings in Forrester Research were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Principal Financial Group Inc. grew its stake in Forrester Research by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 86,601 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 1,070 shares during the period. Barclays PLC grew its stake in Forrester Research by 47.0% in the 4th quarter. Barclays PLC now owns 31,119 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 9,944 shares during the period. Geode Capital Management LLC grew its stake in Forrester Research by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 137,374 shares of the technology company’s stock valued at $6,140,000 after purchasing an additional 8,188 shares during the period. Dimensional Fund Advisors LP grew its stake in Forrester Research by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 777,645 shares of the technology company’s stock valued at $34,761,000 after purchasing an additional 2,723 shares during the period. Finally, United Services Automobile Association grew its stake in Forrester Research by 0.3% in the 4th quarter. United Services Automobile Association now owns 302,669 shares of the technology company’s stock valued at $13,529,000 after purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 58.35% of the company’s stock.

In other Forrester Research news, CFO Michael A. Doyle sold 10,415 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $48.72, for a total value of $507,418.80. Following the completion of the transaction, the chief financial officer now owns 50,585 shares in the company, valued at approximately $2,464,501.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan Darrah sold 1,350 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $49.46, for a total value of $66,771.00. Following the completion of the transaction, the insider now owns 10,387 shares of the company’s stock, valued at approximately $513,741.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,404 shares of company stock valued at $705,833. 43.50% of the stock is owned by corporate insiders.

FORR stock opened at $49.05 on Friday. The firm has a market cap of $904.59 million, a PE ratio of 58.39 and a beta of 0.58. Forrester Research, Inc. has a fifty-two week low of $36.19 and a fifty-two week high of $51.17.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings results on Wednesday, February 13th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.09). Forrester Research had a return on equity of 10.61% and a net margin of 4.30%. The firm had revenue of $98.58 million for the quarter, compared to the consensus estimate of $96.45 million. On average, research analysts forecast that Forrester Research, Inc. will post -0.48 earnings per share for the current fiscal year.

A number of brokerages have issued reports on FORR. Zacks Investment Research downgraded Forrester Research from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. Maxim Group began coverage on Forrester Research in a research note on Wednesday, February 27th. They issued a “buy” rating and a $62.00 price objective for the company. TheStreet downgraded Forrester Research from a “b-” rating to a “c+” rating in a research note on Wednesday, February 13th. Finally, BidaskClub upgraded Forrester Research from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Forrester Research has an average rating of “Hold” and a consensus target price of $56.00.

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Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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Institutional Ownership by Quarter for Forrester Research (NASDAQ:FORR)

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