Amadeus Capital Partners Ltd Sells 399,812 Shares of Forescout Technologies Inc (FSCT) Stock

Forescout Technologies Inc (NASDAQ:FSCT) major shareholder Amadeus Capital Partners Ltd sold 399,812 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $37.63, for a total transaction of $15,044,925.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Amadeus Capital Partners Ltd also recently made the following trade(s):

  • On Tuesday, September 11th, Amadeus Capital Partners Ltd sold 44,102 shares of Forescout Technologies stock. The shares were sold at an average price of $37.32, for a total transaction of $1,645,886.64.

Shares of FSCT opened at $38.25 on Friday. The stock has a market capitalization of $1.58 billion and a PE ratio of -4.82. Forescout Technologies Inc has a fifty-two week low of $21.56 and a fifty-two week high of $39.36. 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 issued its earnings results on Thursday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.19. The business had revenue of $67.59 million during the quarter, compared to analyst estimates of $63.57 million. Forescout Technologies’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.31) EPS. sell-side analysts expect that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.

FSCT has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Tuesday, July 24th. 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 objective for the company. Citigroup upped their price objective on shares of Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Finally, UBS Group upped their price objective 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $38.67.

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

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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