Forescout Technologies (FSCT) Reaches New 1-Year High at $39.36
Forescout Technologies Inc (NASDAQ:FSCT) shares reached a new 52-week high on Thursday . The stock traded as high as $39.36 and last traded at $37.47, with a volume of 20500 shares traded. The stock had previously closed at $37.92.
Several research analysts have recently weighed in on FSCT shares. Monness Crespi & Hardt started coverage on shares of Forescout Technologies in a report on Monday, July 9th. They issued a “buy” rating and a $42.00 price target on the stock. Zacks Investment Research cut shares of Forescout Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Citigroup increased their target price on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. increased their target price on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Finally, UBS Group increased their target price on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Forescout Technologies currently has a consensus rating of “Buy” and a consensus price target of $38.67.
The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16.
In other news, major shareholder Amadeus Capital Partners Ltd sold 399,812 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $37.63, for a total transaction of $15,044,925.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Darren J. Milliken sold 3,721 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $38.01, for a total value of $141,435.21. The disclosure for this sale can be found here. In the last three months, insiders sold 742,156 shares of company stock worth $26,678,076. 36.20% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Forescout Technologies by 244.0% during the second quarter. Bank of New York Mellon Corp now owns 116,104 shares of the company’s stock valued at $3,977,000 after buying an additional 82,356 shares during the last quarter. Millennium Management LLC grew its stake in shares of Forescout Technologies by 100.1% during the second quarter. Millennium Management LLC now owns 248,659 shares of the company’s stock valued at $8,519,000 after buying an additional 124,368 shares during the last quarter. Trustees of Princeton University bought a new position in shares of Forescout Technologies during the second quarter valued at about $555,000. PEAK6 Investments L.P. bought a new position in shares of Forescout Technologies during the second quarter valued at about $552,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Forescout Technologies by 51.6% during the second quarter. Cubist Systematic Strategies LLC now owns 9,520 shares of the company’s stock valued at $326,000 after buying an additional 3,241 shares during the last quarter. 54.40% of the stock is currently owned by hedge funds and other institutional investors.
Forescout Technologies Company Profile (NASDAQ:FSCT)
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.
Further Reading: Diversification Important in Investing
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