Enrique T. Salem Sells 3,000 Shares of Forescout Technologies Inc (FSCT) Stock

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Forescout Technologies Inc (NASDAQ:FSCT) Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 20th. The stock was sold at an average price of $35.71, for a total transaction of $107,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:FSCT opened at $34.05 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.10 and a quick ratio of 2.09. Forescout Technologies Inc has a fifty-two week low of $21.56 and a fifty-two week high of $37.81.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, May 10th. The company reported ($0.38) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.07. The business had revenue of $59.70 million for the quarter, compared to the consensus estimate of $55.91 million. The firm’s revenue was up 41.5% on a year-over-year basis. equities research analysts forecast that Forescout Technologies Inc will post -1.03 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in shares of Forescout Technologies during the 4th quarter valued at about $115,000. The Manufacturers Life Insurance Company bought a new stake in shares of Forescout Technologies during the 4th quarter valued at about $134,000. Royal Bank of Canada grew its position in shares of Forescout Technologies by 67,800.0% during the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after buying an additional 5,424 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Forescout Technologies during the 4th quarter valued at about $231,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Forescout Technologies during the 4th quarter valued at about $267,000. 43.64% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on FSCT shares. Stephens started coverage on shares of Forescout Technologies in a research note on Thursday, April 5th. They issued an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, April 10th. FBN Securities started coverage on shares of Forescout Technologies in a research note on Thursday, April 5th. They issued an “outperform” rating on the stock. UBS Group upped their target price on shares of Forescout Technologies from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, April 26th. Finally, ValuEngine upgraded shares of Forescout Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Forescout Technologies presently has an average rating of “Buy” and a consensus target price of $34.13.

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.

Insider Buying and Selling by Quarter for Forescout Technologies (NASDAQ:FSCT)

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