Forescout Technologies Inc (FSCT) Director Enrique T. Salem Sells 1,500 Shares of Stock

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Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 1,500 shares of Forescout Technologies stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $27.29, for a total transaction of $40,935.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Forescout Technologies stock traded down $0.52 during mid-day trading on Friday, reaching $27.59. The company’s stock had a trading volume of 1,196,331 shares, compared to its average volume of 410,102. The company has a market cap of $1.17 billion and a PE ratio of -3.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16. Forescout Technologies Inc has a twelve month low of $21.56 and a twelve month high of $40.96.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share (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. During the same period last year, the business posted ($0.21) earnings per share. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. Equities research analysts anticipate that Forescout Technologies Inc will post -0.95 earnings per share for the current year.

A number of analysts recently issued reports on FSCT shares. JPMorgan Chase & Co. lifted their price target on shares of Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th. Citigroup lifted their price objective on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, October 9th. ValuEngine raised shares of Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Finally, Morgan Stanley set a $34.00 price objective on shares of Forescout Technologies and gave the stock a “hold” rating in a report on Friday, October 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Forescout Technologies presently has a consensus rating of “Buy” and a consensus price target of $38.91.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Forescout Technologies in the 3rd quarter valued at about $4,792,000. BlackRock Inc. increased its holdings in shares of Forescout Technologies by 2.2% in the 3rd quarter. BlackRock Inc. now owns 2,143,076 shares of the company’s stock valued at $80,923,000 after purchasing an additional 45,170 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Forescout Technologies by 17.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 136,295 shares of the company’s stock valued at $5,146,000 after purchasing an additional 20,191 shares during the period. Swiss National Bank increased its holdings in shares of Forescout Technologies by 86.9% in the 3rd quarter. Swiss National Bank now owns 38,500 shares of the company’s stock valued at $1,454,000 after purchasing an additional 17,900 shares during the period. Finally, Tygh Capital Management Inc. increased 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 valued at $5,922,000 after purchasing an additional 16,931 shares during the period. 55.56% of the stock is owned by institutional investors.

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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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