Sphera Funds Management LTD. increased its holdings in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 62.9% in the 3rd quarter, Holdings Channel reports. The firm owned 124,463 shares of the company’s stock after acquiring an additional 48,063 shares during the quarter. Sphera Funds Management LTD.’s holdings in Forescout Technologies were worth $4,700,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Forescout Technologies by 924.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,370 shares of the company’s stock worth $127,000 after purchasing an additional 3,041 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $140,000. SG Americas Securities LLC acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $161,000. Royal Bank of Canada lifted its position in shares of Forescout Technologies by 67,800.0% during the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after purchasing an additional 5,424 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Forescout Technologies during the 2nd quarter worth about $185,000. 56.15% of the stock is owned by institutional investors and hedge funds.
In other Forescout Technologies news, Vice Chairman David G. Dewalt sold 50,374 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $25.81, for a total value of $1,300,152.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Enrique T. Salem sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $25.81, for a total value of $38,715.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,640 shares of company stock valued at $40,158,681. Insiders own 36.20% of the company’s stock.
Forescout Technologies (NASDAQ:FSCT) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $85.63 million during the quarter, compared to analyst estimates of $79.08 million. Forescout Technologies had a negative net margin of 33.43% and a negative return on equity of 89.81%. The company’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company earned ($0.21) EPS. As a group, analysts expect that Forescout Technologies Inc will post -1.95 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on FSCT shares. JPMorgan Chase & Co. boosted their price objective on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. UBS Group boosted their price objective on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Needham & Company LLC started coverage on Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 price objective for the company. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 9th. Finally, ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.55.
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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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