Sphera Funds Management LTD. boosted its holdings in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 62.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,463 shares of the company’s stock after buying an additional 48,063 shares during the period. Sphera Funds Management LTD. owned approximately 0.30% of Forescout Technologies worth $4,700,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of FSCT. BlackRock Inc. raised its position in Forescout Technologies by 128.7% during the second quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock valued at $71,873,000 after buying an additional 1,180,601 shares during the period. Legal & General Group Plc raised its position in Forescout Technologies by 3,211.5% during the second quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock valued at $23,655,000 after buying an additional 669,599 shares during the period. First Trust Advisors LP acquired a new position in Forescout Technologies during the third quarter valued at $23,414,000. Emerald Mutual Fund Advisers Trust raised its position in Forescout Technologies by 52.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 822,721 shares of the company’s stock valued at $31,066,000 after buying an additional 281,425 shares during the period. Finally, Emerald Advisers Inc. PA raised its position in Forescout Technologies by 45.1% during the third quarter. Emerald Advisers Inc. PA now owns 896,677 shares of the company’s stock valued at $33,859,000 after buying an additional 278,766 shares during the period. 56.15% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on FSCT shares. Zacks Investment Research lowered Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Robert W. Baird assumed coverage on Forescout Technologies in a research note on Wednesday, October 17th. They issued an “outperform” rating and a $42.00 target price on the stock. Berenberg Bank assumed coverage on Forescout Technologies in a research note on Thursday, November 29th. They issued a “buy” rating and a $41.00 target price on the stock. Needham & Company LLC assumed coverage on Forescout Technologies in a research note on Friday, September 21st. They issued a “buy” rating and a $47.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.55.
In other news, Vice Chairman David G. Dewalt sold 50,374 shares of the company’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $25.81, for a total transaction of $1,300,152.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Darren J. Milliken sold 10,000 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $40.06, for a total value of $400,600.00. The disclosure for this sale can be found here. Insiders sold 1,108,640 shares of company stock worth $40,158,681 in the last 90 days. Corporate insiders own 36.20% of the company’s stock.
Shares of NASDAQ FSCT opened at $25.80 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.08. Forescout Technologies Inc has a one year low of $22.80 and a one year high of $40.96. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -3.25 and a beta of 1.14.
Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). Forescout Technologies had a negative net margin of 33.43% and a negative return on equity of 89.81%. The firm had revenue of $85.63 million during the quarter, compared to analysts’ expectations of $79.08 million. During the same quarter last year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities research analysts anticipate that Forescout Technologies Inc will post -1.95 EPS for the current fiscal year.
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Forescout Technologies 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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