Shares of ForeScout Technologies (NASDAQ:FSCT) have been given an average recommendation of “Buy” by the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.83.
Several analysts have recently weighed in on FSCT shares. Bank of America reissued a “buy” rating and issued a $35.00 price target (up previously from $30.00) on shares of ForeScout Technologies in a research note on Thursday, December 28th. They noted that the move was a valuation call. UBS set a $30.00 price target on shares of ForeScout Technologies and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Morgan Stanley set a $31.00 price target on shares of ForeScout Technologies and gave the company a “hold” rating in a research note on Thursday, February 8th.
Shares of ForeScout Technologies stock traded down $2.10 during mid-day trading on Monday, hitting $30.34. The stock had a trading volume of 285,030 shares, compared to its average volume of 254,439. ForeScout Technologies has a 12-month low of $21.56 and a 12-month high of $37.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.77 and a quick ratio of 1.75. The stock has a market cap of $1,271.39 and a price-to-earnings ratio of -3.83.
In related news, Chairman Yehezkel Yeshurun sold 113,137 shares of the stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total transaction of $3,127,106.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pedro Abreu sold 41,600 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $1,149,824.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,801,916 shares of company stock valued at $49,804,958.
Several large investors have recently bought and sold shares of FSCT. American International Group Inc. purchased a new position in shares of ForeScout Technologies during the 4th quarter worth approximately $115,000. The Manufacturers Life Insurance Company purchased a new position in shares of ForeScout Technologies during the 4th quarter worth approximately $134,000. Keybank National Association OH purchased a new position in shares of ForeScout Technologies during the 4th quarter worth approximately $231,000. TIAA CREF Investment Management LLC purchased a new position in shares of ForeScout Technologies during the 4th quarter worth approximately $267,000. Finally, California State Teachers Retirement System purchased a new position in shares of ForeScout Technologies during the 4th quarter worth approximately $268,000. 36.09% of the stock is owned by hedge funds and other institutional investors.
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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