Forescout Technologies Inc (FSCT) Receives $41.89 Consensus PT from Brokerages

Shares of Forescout Technologies Inc (NASDAQ:FSCT) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.89.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Morgan Stanley set a $42.00 price objective on shares of Forescout Technologies and gave the company a “buy” rating in a research note on Friday, February 8th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of Forescout Technologies in a research note on Friday, February 8th. Finally, Berenberg Bank initiated coverage on shares of Forescout Technologies in a research note on Thursday, November 29th. They issued a “buy” rating and a $41.00 price target for the company.

In other news, Director Enrique T. Salem sold 1,500 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $25.81, for a total value of $38,715.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director T Kent Elliott sold 30,453 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $26.99, for a total transaction of $821,926.47. The disclosure for this sale can be found here. Insiders sold a total of 600,552 shares of company stock valued at $21,264,536 in the last ninety days. 36.20% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Psagot Investment House Ltd. boosted its stake in shares of Forescout Technologies by 41.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock valued at $30,000 after purchasing an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Forescout Technologies by 151.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock valued at $36,000 after buying an additional 831 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Forescout Technologies during the 4th quarter valued at $60,000. Pearl River Capital LLC bought a new stake in Forescout Technologies during the 4th quarter valued at $66,000. Finally, Parallel Advisors LLC raised its holdings in Forescout Technologies by 924.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock valued at $127,000 after buying an additional 3,041 shares during the last quarter. 55.15% of the stock is owned by institutional investors.

NASDAQ:FSCT traded down $0.04 during mid-day trading on Thursday, hitting $38.78. 403,100 shares of the stock traded hands, compared to its average volume of 553,026. The stock has a market cap of $1.67 billion, a P/E ratio of -22.27 and a beta of 1.15. Forescout Technologies has a 12-month low of $22.01 and a 12-month high of $40.96. 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 (NASDAQ:FSCT) last issued its quarterly earnings data on Thursday, February 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.24. The company had revenue of $84.73 million during the quarter, compared to analysts’ expectations of $77.84 million. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 59.52%. Forescout Technologies’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, equities analysts forecast that Forescout Technologies will post -1.86 earnings per share for the current fiscal year.

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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Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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