Stephens assumed coverage on shares of ForeScout Technologies (NASDAQ:FSCT) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $37.00 target price on the stock.
A number of other research analysts have also recently commented on the company. Bank of America reaffirmed a buy rating and set a $35.00 target price (up previously from $30.00) on shares of ForeScout Technologies in a research note on Thursday, December 28th. They noted that the move was a valuation call. UBS set a $30.00 target price on ForeScout Technologies and gave the company a buy rating in a research note on Friday, December 8th. Finally, Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the company a hold rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $32.57.
FSCT opened at $32.91 on Thursday. The company has a market cap of $1,289.81 and a PE ratio of -4.15. ForeScout Technologies has a one year low of $21.56 and a one year high of $37.79. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.29.
ForeScout Technologies (NASDAQ:FSCT) last released its earnings results on Wednesday, February 7th. The company reported ($1.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.97). The firm had revenue of $65.96 million during the quarter, compared to analysts’ expectations of $62.38 million. equities research analysts predict that ForeScout Technologies will post -1.12 earnings per share for the current year.
In related news, Chairman Yehezkel Yeshurun sold 113,137 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total value of $3,127,106.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Decesare sold 210,000 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total value of $5,804,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,801,916 shares of company stock worth $49,804,958.
Large investors have recently made changes to their positions in the stock. American International Group Inc. bought a new position in ForeScout Technologies in the fourth quarter worth approximately $115,000. The Manufacturers Life Insurance Company bought a new position in ForeScout Technologies in the fourth quarter worth approximately $134,000. Keybank National Association OH bought a new position in ForeScout Technologies in the fourth quarter worth approximately $231,000. TIAA CREF Investment Management LLC bought a new position in ForeScout Technologies in the fourth quarter worth approximately $267,000. Finally, California State Teachers Retirement System bought a new position in ForeScout Technologies in the fourth quarter worth approximately $268,000. 36.09% of the stock is currently owned by institutional investors.
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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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