Wellington Management Group LLP Sells 34,266 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Wellington Management Group LLP lessened its stake in Forrester Research, Inc. (NASDAQ:FORR) by 20.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 136,634 shares of the technology company’s stock after selling 34,266 shares during the period. Wellington Management Group LLP’s holdings in Forrester Research were worth $2,461,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FORR. Point72 DIFC Ltd lifted its position in shares of Forrester Research by 62.4% in the 2nd 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 lifted its position in Forrester Research by 138.7% in the third quarter. FMR LLC now owns 2,535 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,473 shares during the period. State Street Corp lifted its position in Forrester Research by 1.0% in 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 period. Rhumbline Advisers boosted its stake in Forrester Research by 17.4% during the second quarter. Rhumbline Advisers now owns 17,951 shares of the technology company’s stock worth $307,000 after buying an additional 2,661 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Forrester Research by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,308 shares of the technology company’s stock valued at $1,735,000 after buying an additional 3,289 shares during the period. 55.20% of the stock is owned by institutional investors and hedge funds.

Forrester Research Stock Up 0.1 %

Shares of FORR opened at $15.67 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $16.23 and a two-hundred day moving average price of $17.29. The stock has a market cap of $297.67 million, a price-to-earnings ratio of -45.06, a P/E/G 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.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday.

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.