Forescout Technologies Inc (FSCT) Given Consensus Rating of “Buy” by Brokerages

Shares of Forescout Technologies Inc (NASDAQ:FSCT) have received an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $45.75.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Forescout Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (up from $47.00) on shares of Forescout Technologies in a research note on Monday, March 11th. Robert W. Baird reaffirmed a “buy” rating and set a $44.00 target price on shares of Forescout Technologies in a research note on Wednesday, March 6th. Morgan Stanley set a $46.00 target price on shares of Forescout Technologies and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, UBS Group upped their target price on shares of Forescout Technologies from $43.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

In other Forescout Technologies news, CEO Michael Decesare sold 11,104 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $42.45, for a total value of $471,364.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Pedro Abreu sold 4,547 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $41.21, for a total transaction of $187,381.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 221,345 shares of company stock worth $9,223,722. 13.80% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Psagot Investment House Ltd. increased its position 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 during the last quarter. California State Teachers Retirement System increased its position in shares of Forescout Technologies by 1.1% in the 1st quarter. California State Teachers Retirement System now owns 47,123 shares of the company’s stock valued at $1,975,000 after purchasing an additional 506 shares during the last quarter. Rhumbline Advisers increased its position in shares of Forescout Technologies by 1.4% in the 1st quarter. Rhumbline Advisers now owns 40,212 shares of the company’s stock valued at $1,685,000 after purchasing an additional 550 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Forescout Technologies by 4.4% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,975 shares of the company’s stock valued at $586,000 after purchasing an additional 590 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Forescout Technologies by 151.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock valued at $36,000 after purchasing an additional 831 shares during the last quarter. 54.17% of the stock is currently owned by institutional investors.

Shares of FSCT opened at $33.14 on Friday. Forescout Technologies has a fifty-two week low of $22.01 and a fifty-two week high of $46.43. The company has a market cap of $1.50 billion, a P/E ratio of -19.16 and a beta of 1.32. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26.

Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, May 9th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The firm had revenue of $78.60 million for the quarter, compared to the consensus estimate of $73.71 million. During the same period in the prior year, the firm earned ($0.38) EPS. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, research analysts forecast that Forescout Technologies will post -1.85 earnings per share for the current fiscal year.

Forescout Technologies Company Profile

Forescout Technologies, Inc provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.

Featured Article: What is the return on assets (ROA) ratio?

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.