CI Investments Inc. purchased a new position in Forescout Technologies Inc (NASDAQ:FSCT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,000 shares of the company’s stock, valued at approximately $797,000. CI Investments Inc. owned 0.07% of Forescout Technologies at the end of the most recent reporting period.
Separately, Schwab Charles Investment Management Inc. purchased a new stake in Forescout Technologies during the fourth quarter valued at about $555,000. Hedge funds and other institutional investors own 4.64% of the company’s stock.
Forescout Technologies Inc (NASDAQ:FSCT) traded down $0.78 during midday trading on Tuesday, hitting $27.38. The company had a trading volume of 187,600 shares, compared to its average volume of 145,795. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of -0.05. Forescout Technologies Inc has a 12 month low of $21.56 and a 12 month high of $35.00.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.33) by $0.16. analysts anticipate that Forescout Technologies Inc will post -1.15 EPS for the current fiscal year.
FSCT has been the topic of a number of research reports. Bank of America raised their price target on Forescout Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. UBS Group set a $30.00 price objective on Forescout Technologies and gave the company a “buy” rating in a research note on Friday, December 8th. Morgan Stanley set a $31.00 price objective on Forescout Technologies and gave the company a “hold” rating in a research note on Thursday, February 8th. Citigroup began coverage on Forescout Technologies in a research note on Tuesday, November 21st. They set a “neutral” rating and a $27.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on Forescout Technologies in a research note on Tuesday, November 21st. They set an “overweight” rating and a $33.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Forescout Technologies presently has a consensus rating of “Buy” and a consensus price target of $31.83.
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About Forescout Technologies
ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.
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