Forescout Technologies Inc (FSCT) Director T Kent Elliott Sells 30,453 Shares

Forescout Technologies Inc (NASDAQ:FSCT) Director T Kent Elliott sold 30,453 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $31.09, for a total transaction of $946,783.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

T Kent Elliott also recently made the following trade(s):

  • On Monday, October 1st, T Kent Elliott sold 569 shares of Forescout Technologies stock. The stock was sold at an average price of $37.62, for a total transaction of $21,405.78.
  • On Wednesday, September 12th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The stock was sold at an average price of $37.06, for a total transaction of $1,128,588.18.
  • On Wednesday, August 29th, T Kent Elliott sold 569 shares of Forescout Technologies stock. The stock was sold at an average price of $36.00, for a total transaction of $20,484.00.
  • On Monday, August 13th, T Kent Elliott sold 30,453 shares of Forescout Technologies stock. The stock was sold at an average price of $34.80, for a total transaction of $1,059,764.40.

NASDAQ:FSCT traded up $0.49 on Friday, reaching $30.33. 318,247 shares of the company’s stock were exchanged, compared to its average volume of 494,123. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16. Forescout Technologies Inc has a 52-week low of $21.56 and a 52-week high of $40.96. The firm has a market capitalization of $1.58 billion and a PE ratio of -3.82.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analysts’ expectations of $63.57 million. During the same quarter in the previous year, the company posted ($2.31) earnings per share. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. Analysts expect that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Forescout Technologies by 128.7% during the second quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after buying an additional 1,180,601 shares during the period. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Forescout Technologies by 0.7% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 890,093 shares of the company’s stock worth $30,495,000 after buying an additional 6,110 shares during the period. Legal & General Group Plc increased its stake in shares of Forescout Technologies by 3,211.5% during the second quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after buying an additional 669,599 shares during the period. Emerald Advisers Inc. PA increased its stake in shares of Forescout Technologies by 26.5% during the second quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after buying an additional 129,530 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of Forescout Technologies by 29.7% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 541,296 shares of the company’s stock worth $18,545,000 after buying an additional 123,880 shares during the period. Hedge funds and other institutional investors own 54.40% of the company’s stock.

FSCT has been the topic of a number of recent research reports. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 price target on the stock. UBS Group boosted their price target 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. Finally, Monness Crespi & Hardt initiated coverage on shares of Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.10.

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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