Analysts Set Forescout Technologies Inc (FSCT) Price Target at $31.00

Shares of Forescout Technologies Inc (NASDAQ:FSCT) have received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.00.

Several research analysts have recently issued reports on FSCT shares. Bank of America started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They issued a “buy” rating for the company. UBS Group started coverage on Forescout Technologies in a research report on Monday, November 20th. They issued a “buy” rating and a $30.00 target price for the company. Morgan Stanley started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They issued an “equal weight” rating and a $27.00 target price for the company. Citigroup started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They issued a “neutral” rating and a $27.00 target price for the company. Finally, KeyCorp started coverage on Forescout Technologies in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $34.00 target price for the company.

Large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. bought a new position in Forescout Technologies during the 4th quarter valued at approximately $555,000. Albert D Mason Inc. bought a new position in Forescout Technologies during the 4th quarter valued at approximately $596,000. CI Investments Inc. bought a new position in Forescout Technologies during the 4th quarter valued at approximately $797,000. Emerald Advisers Inc. PA bought a new position in Forescout Technologies during the 4th quarter valued at approximately $11,318,000. Finally, Gilder Gagnon Howe & Co. LLC bought a new position in Forescout Technologies during the 4th quarter valued at approximately $20,081,000. 1.32% of the stock is owned by hedge funds and other institutional investors.

Forescout Technologies (NASDAQ FSCT) traded down $0.52 on Friday, reaching $32.26. The company’s stock had a trading volume of 4,618 shares, compared to its average volume of 131,920. Forescout Technologies has a fifty-two week low of $21.56 and a fifty-two week high of $35.00. The company has a debt-to-equity ratio of -0.05, a current ratio of 0.94 and a quick ratio of 0.93.

Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, December 7th. The company reported ($1.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.33) by $0.16. equities research analysts forecast that Forescout Technologies will post -4.37 EPS for the current fiscal year.

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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.

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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