Forescout Technologies Inc (NASDAQ:FSCT) SVP Darren J. Milliken sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.60, for a total transaction of $124,880.00.
FSCT opened at $36.62 on Thursday. The company has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $37.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.16. Forescout Technologies Inc has a 52 week low of $22.01 and a 52 week high of $46.43. The firm has a market capitalization of $1.71 billion, a PE ratio of -21.17 and a beta of 1.57.
Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.47. The company had revenue of $78.28 million for the quarter, compared to analysts’ expectations of $77.22 million. Forescout Technologies had a negative net margin of 28.14% and a negative return on equity of 73.42%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) earnings per share. Equities analysts forecast that Forescout Technologies Inc will post -1.84 EPS for the current year.
FSCT has been the subject of a number of analyst reports. Macquarie initiated coverage on shares of Forescout Technologies in a report on Tuesday, July 16th. They set a “neutral” rating and a $41.00 target price for the company. Robert W. Baird set a $44.00 target price on shares of Forescout Technologies and gave the stock a “buy” rating in a report on Friday, September 13th. Finally, Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Forescout Technologies has an average rating of “Buy” and an average target price of $45.50.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC bought a new position in shares of Forescout Technologies during the second quarter worth $20,434,000. JPMorgan Chase & Co. boosted its position in shares of Forescout Technologies by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 239,407 shares of the company’s stock worth $7,946,000 after purchasing an additional 9,140 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Forescout Technologies by 3.6% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 923,731 shares of the company’s stock worth $31,278,000 after purchasing an additional 32,480 shares in the last quarter. Aperio Group LLC bought a new position in shares of Forescout Technologies during the second quarter worth $118,000. Finally, Royce & Associates LP boosted its position in shares of Forescout Technologies by 107.7% during the first quarter. Royce & Associates LP now owns 54,000 shares of the company’s stock worth $2,263,000 after purchasing an additional 28,000 shares in the last quarter. 69.43% of the stock is currently owned by institutional investors.
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 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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