Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the company’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $30.15, for a total transaction of $116,680.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NASDAQ:FSCT traded up $0.49 during midday trading on Friday, hitting $30.33. The company had a trading volume of 318,247 shares, compared to its average volume of 494,123. 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. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.16 and a current ratio of 2.17.
Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.37) by $0.19. The company had revenue of $67.59 million during the quarter, compared to analysts’ expectations of $63.57 million. During the same quarter last year, the firm posted ($2.31) earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. On average, sell-side analysts forecast that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of FSCT. Fortaleza Asset Management Inc. purchased a new stake in Forescout Technologies during the second quarter valued at about $107,000. NumerixS Investment Technologies Inc purchased a new stake in Forescout Technologies during the second quarter valued at about $140,000. SG Americas Securities LLC purchased a new stake in Forescout Technologies during the second quarter valued at about $161,000. Royal Bank of Canada boosted its position in Forescout Technologies by 67,800.0% during the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after buying an additional 5,424 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Forescout Technologies during the second quarter valued at about $185,000. Institutional investors and hedge funds own 54.40% of the company’s stock.
Several research analysts recently issued reports on FSCT shares. Monness Crespi & Hardt started coverage on shares of Forescout Technologies in a research report on Monday, July 9th. They issued a “buy” rating and a $42.00 target price for the company. Zacks Investment Research lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup upped their target price on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Needham & Company LLC started coverage on shares of Forescout Technologies in a research report on Friday, September 21st. They issued a “buy” rating and a $47.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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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