Zacks Investment Research upgraded shares of Forescout Technologies (NASDAQ:FSCT) from a hold rating to a buy rating in a research report report published on Thursday morning, Zacks.com reports. They currently have $41.00 price target on the stock.

According to Zacks, “ForeScout Technologies, Inc. provides network security hardware and software products primarily in the United States, Europe, the Middle East, Africa, the Asia Pacific and Japan. Its products include CounterACT Platform, CounterACT Models, Extended Integration Modules, Open Integration Module and Other Products. The Company’s solutions include Network Access Control; Endpoint Compliance; Bring Your Own Device & Mobile Security for Enterprise; Vulnerability Management, Policy and Solutions and Advanced Network Threat Prevention and Cyber Defense Solutions. ForeScout Technologies, Inc. is headquartered in San Jose, California. “

NASDAQ FSCT opened at $38.20 on Thursday. The company has a market cap of $1.73 billion, a PE ratio of -22.08 and a beta of 1.55. Forescout Technologies has a one year low of $22.01 and a one year high of $46.43. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $33.51.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, May 9th. The company reported ($0.41) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.03. The company had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $73.71 million. Forescout Technologies had a negative return on equity of 63.71% and a negative net margin of 25.80%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) EPS. Equities research analysts forecast that Forescout Technologies will post -1.85 earnings per share for the current fiscal year.

In related news, Director Enrique T. Salem sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $42.05, for a total value of $126,150.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Darren J. Milliken sold 3,870 shares of the business’s 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. Insiders sold a total of 106,233 shares of company stock worth $3,752,212 over the last 90 days. 13.80% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Psagot Investment House Ltd. raised its stake in Forescout Technologies by 41.0% in the 4th quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock valued at $30,000 after acquiring an additional 332 shares during the period. Great West Life Assurance Co. Can bought a new stake in Forescout Technologies in the 4th quarter valued at about $60,000. Acadian Asset Management LLC raised its stake in Forescout Technologies by 57.1% in the 4th quarter. Acadian Asset Management LLC now owns 3,506 shares of the company’s stock valued at $91,000 after acquiring an additional 1,274 shares during the period. Parallel Advisors LLC raised its stake in 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 acquiring an additional 1,256 shares during the period. Finally, Quantamental Technologies LLC bought a new stake in Forescout Technologies in the 1st quarter valued at about $199,000. Institutional investors and hedge funds own 61.03% of the company’s stock.

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 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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