Robert W. Baird reissued their buy rating on shares of Forescout Technologies (NASDAQ:FSCT) in a research note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $44.00 price objective on the stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Forescout Technologies from a hold rating to a buy rating and set a $41.00 target price on the stock in a research report on Monday, August 12th. ValuEngine downgraded Forescout Technologies from a buy rating to a hold rating in a research report on Monday, September 30th. Macquarie began coverage on Forescout Technologies in a research report on Tuesday, July 16th. They set a neutral rating and a $41.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Forescout Technologies from an overweight rating to a neutral rating and lowered their price target for the stock from $54.00 to $35.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $41.60.

Shares of NASDAQ:FSCT traded up $0.13 during midday trading on Thursday, reaching $25.57. The company had a trading volume of 946,780 shares, compared to its average volume of 583,699. The company has a quick ratio of 1.15, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $35.56 and its 200 day moving average price is $36.49. The stock has a market cap of $1.18 billion, a PE ratio of -14.78 and a beta of 1.58. Forescout Technologies has a 1-year low of $22.01 and a 1-year high of $46.43.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Wednesday, August 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.47. The business had revenue of $78.28 million for the quarter, compared to the consensus estimate of $77.22 million. Forescout Technologies had a negative return on equity of 73.42% and a negative net margin of 28.14%. Forescout Technologies’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, research analysts expect that Forescout Technologies will post -1.84 earnings per share for the current fiscal year.

In other Forescout Technologies news, Vice Chairman David G. Dewalt sold 41,559 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $35.14, for a total transaction of $1,460,383.26. Following the transaction, the insider now owns 555,112 shares of the company’s stock, valued at $19,506,635.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Pedro Abreu sold 3,627 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $37.92, for a total value of $137,535.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,058 shares of company stock worth $5,760,314. Company insiders own 13.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FSCT. NumerixS Investment Technologies Inc acquired a new position in shares of Forescout Technologies in the second quarter valued at approximately $78,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Forescout Technologies by 202.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,082 shares of the company’s stock valued at $104,000 after purchasing an additional 2,064 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Forescout Technologies in the second quarter valued at approximately $118,000. AQR Capital Management LLC acquired a new position in shares of Forescout Technologies in the second quarter valued at approximately $216,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Forescout Technologies in the second quarter valued at approximately $220,000. 69.51% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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