Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 3,870 shares of the business’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $26.30, for a total transaction of $101,781.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Forescout Technologies stock opened at $26.49 on Monday. The stock has a market cap of $1.14 billion, a PE ratio of -3.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.16. Forescout Technologies Inc has a one year low of $22.01 and a one year high of $40.96.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $85.63 million for the quarter, compared to the consensus estimate of $79.08 million. Forescout Technologies had a negative return on equity of 89.81% and a negative net margin of 33.43%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.21) EPS. Equities research analysts predict that Forescout Technologies Inc will post -1.95 EPS for the current year.
Several analysts have weighed in on FSCT shares. Morgan Stanley set a $34.00 target price on shares of Forescout Technologies and gave the company a “hold” rating in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, October 9th. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Monness Crespi & Hardt lowered their target price on shares of Forescout Technologies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Finally, Needham & Company LLC started coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $39.73.
Institutional investors have recently added to or reduced their stakes in the company. Raymond James & Associates bought a new position in shares of Forescout Technologies during the second quarter worth about $475,000. Canada Pension Plan Investment Board bought a new position in shares of Forescout Technologies during the third quarter worth about $4,792,000. Bank of America Corp DE grew its position in shares of Forescout Technologies by 58.2% during the second quarter. Bank of America Corp DE now owns 50,583 shares of the company’s stock worth $1,733,000 after acquiring an additional 18,617 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Forescout Technologies by 51.6% during the second quarter. Cubist Systematic Strategies LLC now owns 9,520 shares of the company’s stock worth $326,000 after acquiring an additional 3,241 shares during the last quarter. Finally, Tygh Capital Management Inc. grew its position in shares of Forescout Technologies by 12.1% during the third 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 and hedge funds own 56.14% 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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