Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $35.84, for a total value of $107,520.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of FSCT stock traded up $0.66 during mid-day trading on Thursday, reaching $35.19. The stock had a trading volume of 4,342 shares, compared to its average volume of 584,539. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10. Forescout Technologies Inc has a one year low of $21.56 and a one year high of $38.45. The company has a market capitalization of $1.51 billion and a P/E ratio of -4.40.
Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million during the quarter, compared to the consensus estimate of $63.57 million. During the same quarter in the prior year, the business posted ($2.31) EPS. Forescout Technologies’s revenue was up 35.2% compared to the same quarter last year. sell-side analysts predict that Forescout Technologies Inc will post -0.95 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Forescout Technologies by 128.7% in the 2nd quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after buying an additional 1,180,601 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Forescout Technologies by 0.7% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 890,093 shares of the company’s stock worth $30,495,000 after buying an additional 6,110 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Forescout Technologies by 3,211.5% in the 2nd quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after buying an additional 669,599 shares in the last quarter. Emerald Advisers Inc. PA raised its holdings in shares of Forescout Technologies by 26.5% in the 2nd quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after buying an additional 129,530 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in shares of Forescout Technologies by 29.7% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 541,296 shares of the company’s stock worth $18,545,000 after buying an additional 123,880 shares in the last quarter. 54.40% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on FSCT shares. Zacks Investment Research upgraded Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, July 24th. Monness Crespi & Hardt started coverage on Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 target price for the company. Citigroup increased their target price on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. raised their price objective on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Finally, UBS Group raised their price objective on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Forescout Technologies has a consensus rating of “Buy” and a consensus target price of $38.67.
Forescout Technologies Company Profile
ForeScout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management solution for the control of various appliances deployed on an end-customer network, as well as maintenance and professional services.
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