Shares of ForeScout Technologies (NASDAQ:FSCT) have earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.13.
Several brokerages recently issued reports on FSCT. UBS raised their target price on shares of ForeScout Technologies from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Zacks Investment Research raised shares of ForeScout Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, April 10th. Stephens began coverage on shares of ForeScout Technologies in a report on Thursday, April 5th. They set an “overweight” rating and a $37.00 target price for the company. FBN Securities started coverage on shares of ForeScout Technologies in a report on Thursday, April 5th. They set an “outperform” rating for the company. Finally, ValuEngine raised shares of ForeScout Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.
In other ForeScout Technologies news, SVP Darren J. Milliken sold 17,285 shares of ForeScout Technologies stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $29.82, for a total value of $515,438.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman David G. Dewalt sold 251,870 shares of ForeScout Technologies stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total transaction of $6,961,686.80. The disclosure for this sale can be found here. Insiders sold 1,819,201 shares of company stock valued at $50,320,397 in the last ninety days. 36.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at about $115,000. The Manufacturers Life Insurance Company acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at about $134,000. Royal Bank of Canada grew its position in shares of ForeScout Technologies by 67,800.0% in the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after purchasing an additional 5,424 shares during the period. Keybank National Association OH acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at about $231,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at about $267,000. Institutional investors and hedge funds own 43.72% of the company’s stock.
Shares of ForeScout Technologies stock traded down $0.33 during trading on Tuesday, hitting $30.67. 290,100 shares of the company’s stock were exchanged, compared to its average volume of 359,664. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.10 and a quick ratio of 2.09. ForeScout Technologies has a 52-week low of $21.56 and a 52-week high of $37.81. The stock has a market cap of $1.22 billion and a PE ratio of -3.89.
ForeScout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, May 10th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.07. The business had revenue of $59.70 million for the quarter, compared to analysts’ expectations of $55.91 million. ForeScout Technologies’s revenue was up 41.5% compared to the same quarter last year. equities analysts expect that ForeScout Technologies will post -1.03 EPS for the current year.
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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