Forescout Technologies Inc (NASDAQ:FSCT) Director Rami Kalish sold 378,039 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $38.03, for a total transaction of $14,376,823.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ FSCT opened at $38.78 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. Forescout Technologies Inc has a 52 week low of $22.01 and a 52 week high of $40.96. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -22.27 and a beta of 1.15.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, February 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.24. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 59.52%. The company had revenue of $84.73 million during the quarter, compared to analysts’ expectations of $77.84 million. During the same quarter in the previous year, the business posted ($0.13) EPS. The firm’s revenue was up 34.7% on a year-over-year basis. As a group, research analysts expect that Forescout Technologies Inc will post -1.86 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Psagot Investment House Ltd. grew its holdings in Forescout Technologies by 41.0% during the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after acquiring an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Forescout Technologies by 151.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock worth $36,000 after acquiring an additional 831 shares in the last quarter. Citigroup Inc. grew its holdings in Forescout Technologies by 10.4% during the 4th quarter. Citigroup Inc. now owns 12,976 shares of the company’s stock worth $337,000 after acquiring an additional 1,227 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Forescout Technologies by 57.1% during the 4th quarter. Acadian Asset Management LLC now owns 3,506 shares of the company’s stock worth $91,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Pendal Group Ltd grew its holdings in Forescout Technologies by 3.1% during the 3rd quarter. Pendal Group Ltd now owns 75,662 shares of the company’s stock worth $2,857,000 after acquiring an additional 2,308 shares in the last quarter. Institutional investors own 55.15% of the company’s stock.
Several equities research analysts recently weighed in on FSCT shares. Zacks Investment Research downgraded shares of Forescout Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. ValuEngine raised shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Berenberg Bank started coverage on shares of Forescout Technologies in a research note on Thursday, November 29th. They set a “buy” rating and a $41.00 target price on the stock. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $42.00 target price (up from $40.00) on shares of Forescout Technologies in a research note on Friday, February 8th. Finally, Morgan Stanley raised shares of Forescout Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $34.00 to $36.00 in a research note on Thursday, December 13th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $41.80.
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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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