Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,721 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $38.01, for a total transaction of $141,435.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
FSCT opened at $38.25 on Monday. Forescout Technologies Inc has a twelve month low of $21.56 and a twelve month high of $39.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16. The stock has a market cap of $1.58 billion and a P/E ratio of -4.82.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.19. The company had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. During the same quarter last year, the company earned ($2.31) EPS. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. sell-side analysts expect that Forescout Technologies Inc will post -0.95 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Forescout Technologies by 128.7% during the 2nd quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after purchasing an additional 1,180,601 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Forescout Technologies by 0.7% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 890,093 shares of the company’s stock worth $30,495,000 after purchasing an additional 6,110 shares during the last quarter. Legal & General Group Plc raised its position in shares of Forescout Technologies by 3,211.5% during the 2nd quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after purchasing an additional 669,599 shares during the last quarter. Emerald Advisers Inc. PA raised its position in shares of Forescout Technologies by 26.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after purchasing an additional 129,530 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Forescout Technologies by 29.7% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 541,296 shares of the company’s stock worth $18,545,000 after purchasing an additional 123,880 shares during the last quarter. Hedge funds and other institutional investors own 54.40% of the company’s stock.
Several equities research analysts have recently issued reports on FSCT shares. Monness Crespi & Hardt started coverage on shares of Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Citigroup increased their target price on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Finally, UBS Group increased their target price on shares of Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $38.67.
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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