ForeScout Technologies (NASDAQ:FSCT) shares reached a new 52-week high and low on Friday . The stock traded as low as $37.81 and last traded at $37.33, with a volume of 540506 shares. The stock had previously closed at $35.86.
FSCT has been the subject of several research reports. Zacks Investment Research upgraded ForeScout Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Tuesday, April 10th. Bank of America increased their price target on ForeScout Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the stock a “hold” rating in a research note on Thursday, February 8th. FBN Securities initiated coverage on ForeScout Technologies in a research note on Thursday, April 5th. They issued an “outperform” rating for the company. Finally, Stephens initiated coverage on ForeScout Technologies in a research note on Thursday, April 5th. They issued an “overweight” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.88.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.75. The company has a market capitalization of $1,365.25 and a P/E ratio of -4.52.
ForeScout Technologies (NASDAQ:FSCT) last issued its earnings results on Wednesday, February 7th. The company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.97). The business had revenue of $65.96 million during the quarter, compared to analyst estimates of $62.38 million. equities analysts forecast that ForeScout Technologies will post -1.12 earnings per share for the current year.
In other news, CEO Michael Decesare sold 210,000 shares of ForeScout Technologies stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $5,804,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Yehezkel Yeshurun sold 113,137 shares of ForeScout Technologies stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $3,127,106.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,801,916 shares of company stock valued at $49,804,958.
Several institutional investors and hedge funds have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of ForeScout Technologies during the 4th quarter valued at about $20,081,000. Clearbridge LLC bought a new stake in shares of ForeScout Technologies during the 4th quarter valued at about $16,428,000. BlackRock Inc. bought a new stake in shares of ForeScout Technologies during the 4th quarter valued at about $14,708,000. Emerald Advisers Inc. PA bought a new stake in shares of ForeScout Technologies during the 4th quarter valued at about $11,318,000. Finally, Clearbridge Investments LLC bought a new stake in shares of ForeScout Technologies during the 4th quarter valued at about $10,367,000. Hedge funds and other institutional investors own 35.33% of the company’s stock.
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About ForeScout Technologies
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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