Forescout Technologies’ (FSCT) “Buy” Rating Reaffirmed at Monness Crespi & Hardt
Monness Crespi & Hardt reissued their buy rating on shares of Forescout Technologies (NASDAQ:FSCT) in a report issued on Friday morning, MarketBeat Ratings reports. Monness Crespi & Hardt currently has a $42.00 price objective on the stock, up from their prior price objective of $40.00.
A number of other analysts have also recently commented on the stock. Morgan Stanley set a $34.00 target price on shares of Forescout Technologies and gave the stock a hold rating in a research note on Friday, October 19th. ValuEngine cut shares of Forescout Technologies from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Robert W. Baird initiated coverage on shares of Forescout Technologies in a research note on Wednesday, October 17th. They issued an outperform rating and a $42.00 target price for the company. 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 target price for the company. Finally, Zacks Investment Research upgraded shares of Forescout Technologies from a hold rating to a buy rating and set a $32.00 target price for the company in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $41.80.
NASDAQ:FSCT opened at $36.50 on Friday. Forescout Technologies has a fifty-two week low of $22.01 and a fifty-two week high of $40.96. The stock has a market capitalization of $1.56 billion, a PE ratio of -21.10 and a beta of 1.15. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.08.
In other Forescout Technologies news, Director Enrique T. Salem sold 1,500 shares of Forescout Technologies stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $25.81, for a total transaction of $38,715.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director T Kent Elliott sold 30,453 shares of Forescout Technologies stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $25.89, for a total transaction of $788,428.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,139 shares of company stock valued at $4,680,931. Company insiders own 36.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake 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 acquiring an additional 831 shares during the period. Pearl River Capital LLC acquired a new stake in Forescout Technologies during the 4th quarter valued at approximately $66,000. Sun Life Financial INC acquired a new stake in Forescout Technologies during the 4th quarter valued at approximately $89,000. Acadian Asset Management LLC lifted its stake in Forescout Technologies by 57.1% during the 4th quarter. Acadian Asset Management LLC now owns 3,506 shares of the company’s stock valued at $91,000 after acquiring an additional 1,274 shares during the period. Finally, Parallel Advisors LLC lifted its stake 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 acquiring an additional 3,041 shares during the period. Institutional investors and hedge funds own 56.79% of the company’s stock.
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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