Forescout Technologies Inc (NASDAQ:FSCT) Vice Chairman David G. Dewalt sold 50,374 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $44.03, for a total transaction of $2,217,967.22. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of FSCT traded up $0.25 on Friday, reaching $44.22. The company’s stock had a trading volume of 1,051,081 shares, compared to its average volume of 624,353. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.31 and a quick ratio of 1.30. Forescout Technologies Inc has a twelve month low of $22.01 and a twelve month high of $44.88. The firm has a market capitalization of $1.97 billion, a PE ratio of -25.56 and a beta of 1.42.
Forescout Technologies (NASDAQ:FSCT) last posted its earnings results on Thursday, February 7th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ 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 58.44%. The company had revenue of $84.73 million for the quarter, compared to analyst estimates of $77.84 million. During the same quarter in the prior year, the business posted ($0.13) EPS. The firm’s revenue was up 34.7% compared to the same quarter last year. As a group, analysts expect that Forescout Technologies Inc will post -1.86 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of FSCT. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forescout Technologies in the 3rd quarter worth about $209,000. US Bancorp DE raised its holdings in shares of Forescout Technologies by 3,291.1% in the 3rd quarter. US Bancorp DE now owns 28,824 shares of the company’s stock worth $1,088,000 after acquiring an additional 27,974 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Forescout Technologies by 36.0% in the 3rd quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock worth $1,482,000 after acquiring an additional 10,394 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Forescout Technologies by 1,174.8% in the 3rd quarter. SG Americas Securities LLC now owns 60,043 shares of the company’s stock worth $2,267,000 after acquiring an additional 55,333 shares during the last quarter. Finally, Tygh Capital Management Inc. raised its holdings in shares of Forescout Technologies by 12.1% in the 3rd quarter. Tygh Capital Management Inc. now owns 156,821 shares of the company’s stock worth $5,922,000 after acquiring an additional 16,931 shares during the last quarter. Institutional investors own 59.42% of the company’s stock.
Several brokerages have recently weighed in on FSCT. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of Forescout Technologies in a report on Monday, March 11th. Robert W. Baird reiterated a “buy” rating and set a $44.00 price objective on shares of Forescout Technologies in a report on Wednesday, March 6th. Morgan Stanley set a $46.00 price objective on shares of Forescout Technologies and gave the company a “buy” rating in a report on Tuesday, March 5th. UBS Group upped their price objective on shares of Forescout Technologies from $43.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and set a $49.00 price objective (up previously from $42.00) on shares of Forescout Technologies in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Forescout Technologies has a consensus rating of “Buy” and an average price target of $44.40.
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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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