ForeScout Technologies (NASDAQ:FSCT) shares shot up 2.8% during trading on Tuesday . The company traded as high as $36.97 and last traded at $36.45. 293,341 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 261,432 shares. The stock had previously closed at $35.45.
A number of research firms recently commented on FSCT. Zacks Investment Research upgraded ForeScout Technologies from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Tuesday, April 10th. FBN Securities began coverage on ForeScout Technologies in a report on Thursday, April 5th. They issued an “outperform” rating on the stock. Stephens began coverage on ForeScout Technologies in a report on Thursday, April 5th. They issued an “overweight” rating and a $37.00 price objective on the stock. Bank of America upped their price objective on ForeScout Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Morgan Stanley set a $31.00 price objective on ForeScout Technologies and gave the company a “hold” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.88.
The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1,295.24 and a P/E ratio of -4.61.
In other ForeScout Technologies news, CEO Michael Decesare sold 210,000 shares of the company’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total transaction of $5,804,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Yehezkel Yeshurun sold 113,137 shares of the company’s stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total value of $3,127,106.68. The disclosure for this sale can be found here. Insiders have sold 1,801,916 shares of company stock worth $49,804,958 over the last 90 days.
A number of large investors have recently added to or reduced their stakes in the business. LPL Financial LLC acquired a new position in ForeScout Technologies during the fourth quarter worth $327,000. Zimmer Partners LP acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at $2,232,000. Millennium Management LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at $405,000. TIAA CREF Investment Management LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at $267,000. Finally, Teachers Advisors LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at $295,000. Institutional investors own 35.33% of the company’s stock.
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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 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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