Tygh Capital Management Inc. increased its position in shares of Forescout Technologies Inc (NASDAQ:FSCT) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,282 shares of the company’s stock after buying an additional 6,461 shares during the quarter. Tygh Capital Management Inc.’s holdings in Forescout Technologies were worth $4,244,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in FSCT. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Forescout Technologies by 151.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock worth $36,000 after purchasing an additional 831 shares during the period. Essex Investment Management Co. LLC lifted its stake in Forescout Technologies by 24.4% during the third quarter. Essex Investment Management Co. LLC now owns 10,783 shares of the company’s stock worth $407,000 after purchasing an additional 2,116 shares during the period. Pendal Group Ltd lifted its stake in Forescout Technologies by 3.1% during the third quarter. Pendal Group Ltd now owns 75,662 shares of the company’s stock worth $2,857,000 after purchasing an additional 2,308 shares during the period. Teachers Advisors LLC lifted its stake in Forescout Technologies by 0.7% during the third quarter. Teachers Advisors LLC now owns 343,032 shares of the company’s stock worth $12,953,000 after purchasing an additional 2,549 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Forescout Technologies by 924.3% during the third 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 period. 56.79% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director T Kent Elliott sold 30,453 shares of Forescout Technologies stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $25.89, for a total value of $788,428.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Darren J. Milliken sold 3,870 shares of Forescout Technologies stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $35.26, for a total transaction of $136,456.20. The disclosure for this sale can be found here. Insiders sold 172,139 shares of company stock valued at $4,680,931 in the last quarter. 36.20% of the stock is currently owned by corporate insiders.
Forescout Technologies (NASDAQ:FSCT) last posted its earnings results on Thursday, February 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.24. Forescout Technologies had a negative net margin of 25.14% and a negative return on equity of 59.52%. The company had revenue of $84.73 million during the quarter, compared to analysts’ expectations of $77.84 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. Forescout Technologies’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, analysts forecast that Forescout Technologies Inc will post -1.71 EPS for the current fiscal year.
A number of research analysts have commented on FSCT shares. Zacks Investment Research upgraded shares of Forescout Technologies from a “sell” rating to a “hold” rating in a research note on Monday, December 24th. Robert W. Baird started coverage on shares of Forescout Technologies in a research note on Wednesday, October 17th. They set an “outperform” rating and a $42.00 price target for the company. ValuEngine upgraded shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Berenberg Bank started coverage on shares of Forescout Technologies in a research note on Thursday, November 29th. They set a “buy” rating and a $41.00 price target for the company. Finally, Monness Crespi & Hardt cut their price target 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. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $41.80.
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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.
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