Shares of Forescout Technologies Inc (NASDAQ:FSCT) have received an average recommendation of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.89.

Several equities analysts have recently weighed in on FSCT shares. Robert W. Baird started coverage on shares of Forescout Technologies in a research report on Wednesday, October 17th. They set an “outperform” rating and a $42.00 price objective for the company. Morgan Stanley set a $34.00 price objective on shares of Forescout Technologies and gave the company a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 23rd. Monness Crespi & Hardt reduced their price objective on shares of Forescout Technologies from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, November 9th. Finally, Berenberg Bank started coverage on shares of Forescout Technologies in a research report on Thursday, November 29th. They set a “buy” rating and a $41.00 price objective for the company.

In other news, CFO Christopher Harms sold 7,957 shares of the business’s stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $26.30, for a total value of $209,269.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Enrique T. Salem sold 1,500 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $25.81, for a total transaction of $38,715.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,513 shares of company stock worth $6,887,713. 36.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in Forescout Technologies during the 3rd quarter worth about $23,833,000. First Trust Advisors LP acquired a new position in Forescout Technologies during the 3rd quarter worth approximately $23,414,000. Vista Equity Partners Management LLC bought a new stake in shares of Forescout Technologies during the 3rd quarter worth approximately $22,937,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of Forescout Technologies by 52.0% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 822,721 shares of the company’s stock worth $31,066,000 after purchasing an additional 281,425 shares in the last quarter. Finally, Emerald Advisers Inc. PA raised its stake in shares of Forescout Technologies by 45.1% during the 3rd quarter. Emerald Advisers Inc. PA now owns 896,677 shares of the company’s stock worth $33,859,000 after purchasing an additional 278,766 shares in the last quarter. 56.79% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FSCT opened at $38.02 on Thursday. Forescout Technologies has a twelve month low of $22.01 and a twelve month high of $40.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a market cap of $1.57 billion, a PE ratio of -21.98 and a beta of 1.15.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Thursday, February 7th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.24. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 59.52%. The company had revenue of $84.73 million during the quarter, compared to analyst estimates of $77.84 million. During the same quarter last year, the firm posted ($0.13) EPS. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. Equities research analysts expect that Forescout Technologies will post -1.71 earnings per share for the current year.

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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Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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