Swiss National Bank raised its stake in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 39.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,800 shares of the company’s stock after purchasing an additional 16,800 shares during the period. Swiss National Bank’s holdings in Forescout Technologies were worth $2,025,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in shares of Forescout Technologies by 77.1% in the second quarter. First Trust Advisors LP now owns 567,966 shares of the company’s stock worth $19,231,000 after buying an additional 247,249 shares in the last quarter. Taylor Frigon Capital Management LLC purchased a new position in shares of Forescout Technologies in the second quarter worth about $1,964,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Forescout Technologies by 3.6% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 923,731 shares of the company’s stock worth $31,278,000 after buying an additional 32,480 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Forescout Technologies by 3.7% in the first quarter. Clearbridge Investments LLC now owns 883,936 shares of the company’s stock worth $37,046,000 after buying an additional 31,325 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Forescout Technologies by 107.7% in the first quarter. Royce & Associates LP now owns 54,000 shares of the company’s stock worth $2,263,000 after buying an additional 28,000 shares in the last quarter. 63.86% of the stock is currently owned by institutional investors and hedge funds.
In other Forescout Technologies news, insider Pedro Abreu sold 1,014 shares of Forescout Technologies stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $116,610.00. Following the completion of the sale, the insider now directly owns 32,628 shares in the company, valued at $3,752,220. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Darren J. Milliken sold 3,870 shares of Forescout Technologies stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $32.43, for a total transaction of $125,504.10. The disclosure for this sale can be found here. Insiders have sold 190,752 shares of company stock worth $6,876,489 over the last ninety days. 13.80% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. Macquarie assumed coverage on shares of Forescout Technologies in a research note on Tuesday, July 16th. They issued a “neutral” rating and a $41.00 price target on the stock. Robert W. Baird reissued a “buy” rating and issued a $44.00 price target on shares of Forescout Technologies in a research note on Thursday, August 8th. Finally, Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.50.
FSCT stock traded up $0.02 during trading on Friday, reaching $36.66. 2,688 shares of the stock were exchanged, compared to its average volume of 434,912. The company has a current ratio of 1.16, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $36.49 and a 200-day moving average price of $37.75. Forescout Technologies Inc has a 1 year low of $22.01 and a 1 year high of $46.43. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -21.30 and a beta of 1.57.
Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Wednesday, August 7th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.47. Forescout Technologies had a negative net margin of 28.14% and a negative return on equity of 73.42%. The company had revenue of $78.28 million for the quarter, compared to the consensus estimate of $77.22 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. Forescout Technologies’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, research analysts anticipate that Forescout Technologies Inc will post -1.84 EPS for the current 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.
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