Teachers Retirement System of The State of Kentucky Sells 2,108 Shares of Forescout Technologies Inc (FSCT)

Teachers Retirement System of The State of Kentucky decreased its holdings in Forescout Technologies Inc (NASDAQ:FSCT) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,576 shares of the company’s stock after selling 2,108 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.07% of Forescout Technologies worth $1,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James & Associates purchased a new position in shares of Forescout Technologies in the second quarter worth about $475,000. Bank of America Corp DE grew its stake in Forescout Technologies by 58.2% during the second quarter. Bank of America Corp DE now owns 50,583 shares of the company’s stock valued at $1,733,000 after acquiring an additional 18,617 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Forescout Technologies by 51.6% during the second quarter. Cubist Systematic Strategies LLC now owns 9,520 shares of the company’s stock valued at $326,000 after acquiring an additional 3,241 shares in the last quarter. HarbourVest Partners LLC purchased a new position in Forescout Technologies during the second quarter valued at approximately $2,086,000. Finally, Millennium Management LLC grew its stake in Forescout Technologies by 100.1% during the second quarter. Millennium Management LLC now owns 248,659 shares of the company’s stock valued at $8,519,000 after acquiring an additional 124,368 shares in the last quarter. Hedge funds and other institutional investors own 57.28% of the company’s stock.

In other Forescout Technologies news, Director Enrique T. Salem sold 3,000 shares of Forescout Technologies stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $35.84, for a total transaction of $107,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Decesare sold 9,930 shares of Forescout Technologies stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $37.19, for a total transaction of $369,296.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,103,171 shares of company stock valued at $40,040,856. 36.20% of the stock is currently owned by company insiders.

Several brokerages recently commented on FSCT. UBS Group boosted their price objective on shares of Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. 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 note on Friday, November 9th. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Finally, Needham & Company LLC began coverage on shares of Forescout Technologies in a research note on Friday, September 21st. They set a “buy” rating and a $47.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.55.

Shares of NASDAQ:FSCT opened at $27.15 on Friday. Forescout Technologies Inc has a 12 month low of $21.56 and a 12 month high of $40.96. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.16 and a current ratio of 2.16.

Forescout Technologies (NASDAQ:FSCT) last announced its earnings results on Thursday, November 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). Forescout Technologies had a negative net margin of 33.43% and a negative return on equity of 89.81%. The company had revenue of $85.63 million for the quarter, compared to the consensus estimate of $79.08 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities analysts forecast that Forescout Technologies Inc will post -1.95 EPS for the current fiscal year.

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Forescout Technologies 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.

Read More: Capital gains and your 401(k) or IRA

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Institutional Ownership by Quarter for Forescout Technologies (NASDAQ:FSCT)

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