Robert W. Baird restated their buy rating on shares of Forescout Technologies (NASDAQ:FSCT) in a research report released on Thursday morning, AnalystRatings.com reports. They currently have a $44.00 target price on the stock.

Several other equities analysts have also recently weighed in on the company. Macquarie assumed coverage on Forescout Technologies in a research note on Tuesday, July 16th. They set a neutral rating and a $41.00 target price on the stock. Zacks Investment Research cut Forescout Technologies from a buy rating to a hold rating in a research note on Monday, July 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $45.50.

NASDAQ FSCT opened at $36.55 on Thursday. The business’s 50-day moving average is $36.35. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.65 billion, a P/E ratio of -21.13 and a beta of 1.55. Forescout Technologies has a 1 year low of $22.01 and a 1 year high of $46.43.

Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.47. Forescout Technologies had a negative return on equity of 71.10% and a negative net margin of 28.14%. The firm had revenue of $78.28 million for the quarter, compared to the consensus estimate of $77.22 million. During the same quarter in the previous year, the company earned ($0.18) EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts forecast that Forescout Technologies will post -1.84 earnings per share for the current fiscal year.

In other Forescout Technologies news, CEO Michael Decesare sold 15,227 shares of Forescout Technologies stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $35.09, for a total transaction of $534,315.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Darren J. Milliken sold 3,870 shares of Forescout Technologies stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $38.22, for a total value of $147,911.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,505 shares of company stock worth $5,436,928. Company insiders own 13.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in shares of Forescout Technologies by 105.6% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock valued at $102,000 after buying an additional 1,256 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Forescout Technologies by 202.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,082 shares of the company’s stock valued at $104,000 after buying an additional 2,064 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Forescout Technologies in the 2nd quarter valued at approximately $118,000. Quantamental Technologies LLC bought a new stake in shares of Forescout Technologies in the 1st quarter valued at approximately $199,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Forescout Technologies in the 1st quarter valued at approximately $210,000. 61.15% of the stock is currently owned by 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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