Forescout Technologies Inc (NASDAQ:FSCT) has been given a consensus rating of “Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $45.22.
FSCT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Macquarie initiated coverage on shares of Forescout Technologies in a research report on Tuesday, July 16th. They issued a “neutral” rating and a $41.00 price objective for the company.
In other news, CFO Christopher Harms sold 8,945 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.89, for a total transaction of $338,926.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Decesare sold 15,227 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $35.09, for a total transaction of $534,315.43. The disclosure for this sale can be found here. In the last three months, insiders sold 145,178 shares of company stock valued at $5,228,138. Insiders own 13.80% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of FSCT. California Public Employees Retirement System lifted its stake in shares of Forescout Technologies by 792.6% during the 4th quarter. California Public Employees Retirement System now owns 56,308 shares of the company’s stock worth $1,463,000 after buying an additional 50,000 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Forescout Technologies by 97.4% during the 4th quarter. Raymond James & Associates now owns 34,227 shares of the company’s stock worth $890,000 after buying an additional 16,890 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Forescout Technologies during the 4th quarter worth about $676,000. Citigroup Inc. raised its stake in Forescout Technologies by 10.4% in the 4th quarter. Citigroup Inc. now owns 12,976 shares of the company’s stock worth $337,000 after purchasing an additional 1,227 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Forescout Technologies by 64.5% in the 4th quarter. Van ECK Associates Corp now owns 9,997 shares of the company’s stock worth $260,000 after purchasing an additional 3,919 shares in the last quarter. Institutional investors own 61.03% of the company’s stock.
Shares of FSCT traded up $0.16 during midday trading on Friday, reaching $38.44. The stock had a trading volume of 457,596 shares, compared to its average volume of 507,188. The company’s 50 day simple moving average is $34.24. Forescout Technologies has a one year low of $22.01 and a one year high of $46.43. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -22.22 and a beta of 1.55. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.24.
Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The company had revenue of $78.60 million during the quarter, compared to the consensus estimate of $73.71 million. During the same quarter last year, the firm posted ($0.38) EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, analysts anticipate that Forescout Technologies will post -1.85 earnings per share for the current fiscal year.
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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.
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