Shares of Forescout Technologies Inc (NASDAQ:FSCT) have been given an average recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.00.
FSCT has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Forescout Technologies in a research report on Monday, November 20th. They set a “buy” rating and a $30.00 price target for the company. Bank of America reaffirmed a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of Forescout Technologies in a research report on Thursday, December 28th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “equal weight” rating and a $27.00 price target for the company. KeyCorp initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set an “overweight” rating and a $34.00 price target for the company. Finally, Citigroup initiated coverage on Forescout Technologies in a research report on Tuesday, November 21st. They set a “neutral” rating and a $27.00 price target for the company.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. bought a new position in Forescout Technologies during the 4th quarter valued at approximately $555,000. CI Investments Inc. purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $797,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Forescout Technologies during the 4th quarter worth approximately $20,081,000. 1.32% of the stock is owned by institutional investors and hedge funds.
Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.16. equities analysts predict that Forescout Technologies will post -4.37 EPS for the current fiscal year.
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Forescout Technologies Company Profile
ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.
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