Virtu Financial LLC acquired a new position in shares of Forescout Technologies Inc (NASDAQ:FSCT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,861 shares of the company’s stock, valued at approximately $599,000.
Several other institutional investors have also recently added to or reduced their stakes in FSCT. Parallel Advisors LLC grew its stake in Forescout Technologies by 924.3% in the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock valued at $127,000 after buying an additional 3,041 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Forescout Technologies in the 2nd quarter valued at about $140,000. SG Americas Securities LLC acquired a new position in Forescout Technologies in the 2nd quarter valued at about $161,000. Royal Bank of Canada grew its stake in Forescout Technologies by 67,800.0% in the 1st 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 last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Forescout Technologies in the 2nd quarter valued at about $185,000. Institutional investors own 56.15% of the company’s stock.
NASDAQ FSCT opened at $25.80 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -3.25 and a beta of 1.14. Forescout Technologies Inc has a 12-month low of $22.80 and a 12-month high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.08). The business had revenue of $85.63 million during the quarter, compared to the consensus estimate of $79.08 million. Forescout Technologies had a negative net margin of 33.43% and a negative return on equity of 89.81%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.21) EPS. On average, research analysts forecast that Forescout Technologies Inc will post -1.95 EPS for the current fiscal year.
A number of research analysts recently commented on the stock. Needham & Company LLC assumed coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They issued a “buy” rating and a $47.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. UBS Group upped their price target on shares of Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Finally, 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, October 9th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.55.
In other Forescout Technologies news, major shareholder Amadeus Capital Partners Ltd sold 399,812 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $37.63, for a total value of $15,044,925.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Enrique T. Salem sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $25.81, for a total transaction of $38,715.00. The disclosure for this sale can be found here. Insiders sold a total of 1,108,640 shares of company stock valued at $40,158,681 in the last three months. Insiders own 36.20% of the company’s stock.
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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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