Pendal Group Ltd Acquires 2,308 Shares of Forescout Technologies Inc (FSCT)

Pendal Group Ltd raised its holdings in Forescout Technologies Inc (NASDAQ:FSCT) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 75,662 shares of the company’s stock after buying an additional 2,308 shares during the period. Pendal Group Ltd’s holdings in Forescout Technologies were worth $2,857,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSCT. Northern Trust Corp increased its stake in Forescout Technologies by 2.8% in the first quarter. Northern Trust Corp now owns 70,862 shares of the company’s stock valued at $2,300,000 after purchasing an additional 1,922 shares during the period. BlackRock Inc. increased its stake in shares of Forescout Technologies by 98.9% during the first quarter. BlackRock Inc. now owns 917,305 shares of the company’s stock worth $29,757,000 after acquiring an additional 456,110 shares during the period. UBS Group AG increased its stake in shares of Forescout Technologies by 145.4% during the first quarter. UBS Group AG now owns 12,228 shares of the company’s stock worth $397,000 after acquiring an additional 7,245 shares during the period. Millennium Management LLC increased its stake in shares of Forescout Technologies by 879.8% during the first quarter. Millennium Management LLC now owns 124,291 shares of the company’s stock worth $4,032,000 after acquiring an additional 111,606 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of Forescout Technologies by 2,094.7% during the first quarter. Legal & General Group Plc now owns 20,850 shares of the company’s stock worth $676,000 after acquiring an additional 19,900 shares during the period. Institutional investors own 55.56% of the company’s stock.

FSCT stock opened at $28.11 on Friday. The stock has a market cap of $1.14 billion and a P/E ratio of -3.54. Forescout Technologies Inc has a 52 week low of $21.56 and a 52 week high of $40.96. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10.

Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.19. The company had revenue of $67.59 million for the quarter, compared to analysts’ expectations of $63.57 million. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($2.31) EPS. On average, equities analysts predict that Forescout Technologies Inc will post -0.95 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. Monness Crespi & Hardt dropped their price target on shares of Forescout Technologies from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, October 23rd. Morgan Stanley set a $34.00 price target on shares of Forescout Technologies and gave the stock a “hold” rating in a research note on Friday, October 19th. Robert W. Baird assumed coverage on shares of Forescout Technologies in a research note on Wednesday, October 17th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.91.

In other news, CFO Christopher Harms sold 20,047 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $32.51, for a total value of $651,727.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Amadeus Capital Partners Ltd sold 44,102 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $37.32, for a total transaction of $1,645,886.64. The disclosure for this sale can be found here. Insiders sold 1,184,714 shares of company stock worth $43,727,977 in the last ninety days. Insiders own 36.20% of the company’s stock.

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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 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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Institutional Ownership by Quarter for Forescout Technologies (NASDAQ:FSCT)

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