Northern Trust Corp increased its stake in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 355.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 322,634 shares of the company’s stock after buying an additional 251,772 shares during the period. Northern Trust Corp’s holdings in Forescout Technologies were worth $11,053,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Forescout Technologies by 128.7% during the second quarter. BlackRock Inc. now owns 2,097,906 shares of the company’s stock worth $71,873,000 after purchasing an additional 1,180,601 shares during the period. Legal & General Group Plc boosted its position in Forescout Technologies by 3,211.5% during the second quarter. Legal & General Group Plc now owns 690,449 shares of the company’s stock worth $23,655,000 after purchasing an additional 669,599 shares during the period. Tygh Capital Management Inc. bought a new position in Forescout Technologies during the second quarter worth about $4,793,000. Emerald Advisers Inc. PA boosted its position in Forescout Technologies by 26.5% during the second quarter. Emerald Advisers Inc. PA now owns 617,911 shares of the company’s stock worth $21,170,000 after purchasing an additional 129,530 shares during the period. Finally, Millennium Management LLC boosted its position in Forescout Technologies by 100.1% during the second quarter. Millennium Management LLC now owns 248,659 shares of the company’s stock worth $8,519,000 after purchasing an additional 124,368 shares during the period. Institutional investors and hedge funds own 55.56% of the company’s stock.
FSCT stock opened at $27.59 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16. Forescout Technologies Inc has a 12 month low of $21.56 and a 12 month high of $40.96.
In other news, Director Enrique T. Salem sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $27.29, for a total value of $40,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman David G. Dewalt sold 50,374 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $34.79, for a total transaction of $1,752,511.46. The disclosure for this sale can be found here. Insiders sold 1,194,854 shares of company stock valued at $44,015,921 over the last 90 days. 36.20% of the stock is owned by company insiders.
FSCT has been the subject of a number of research reports. Zacks Investment Research lowered shares of Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Robert W. Baird initiated coverage on shares of Forescout Technologies in a research report on Wednesday, October 17th. They set an “outperform” rating and a $42.00 target price for the company. Needham & Company LLC initiated coverage on shares of Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 target price for the company. Citigroup increased their target price on shares of Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $38.91.
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 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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