Cambiar Investors LLC Sells 5,850 Shares of Forrester Research, Inc. (NASDAQ:FORR)

Cambiar Investors LLC lowered its position in Forrester Research, Inc. (NASDAQ:FORR) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 68,189 shares of the technology company’s stock after selling 5,850 shares during the quarter. Cambiar Investors LLC’s holdings in Forrester Research were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FORR. ArrowMark Colorado Holdings LLC boosted its position 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 during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Forrester Research by 1.7% in the third quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock worth $4,582,000 after buying an additional 4,342 shares during the last quarter. State Street Corp grew its position in Forrester Research by 1.0% during the third quarter. State Street Corp now owns 253,181 shares of the technology company’s stock valued at $4,560,000 after buying an additional 2,589 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in Forrester Research during the third quarter valued at approximately $3,119,000. Finally, M&T Bank Corp increased its holdings in Forrester Research by 29.9% during the third quarter. M&T Bank Corp now owns 99,969 shares of the technology company’s stock valued at $1,800,000 after buying an additional 22,984 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, December 14th.

Forrester Research Stock Performance

NASDAQ:FORR opened at $15.10 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $16.68. The firm has a market capitalization of $286.90 million, a PE ratio of -43.14, a P/E/G ratio of 0.97 and a beta of 0.91. Forrester Research, Inc. has a 52-week low of $13.91 and a 52-week high of $22.15.

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.