Forescout Technologies (FSCT) PT Set at $42.00 by Morgan Stanley

Morgan Stanley set a $42.00 target price on Forescout Technologies (NASDAQ:FSCT) in a report published on Friday. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Forescout Technologies from a hold rating to a buy rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 23rd. Monness Crespi & Hardt reaffirmed a buy rating and issued a $42.00 price objective (up from $40.00) on shares of Forescout Technologies in a research note on Friday. ValuEngine lowered Forescout Technologies from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Berenberg Bank began coverage on Forescout Technologies in a research note on Thursday, November 29th. They issued a buy rating and a $41.00 price objective on the stock. Finally, Robert W. Baird began coverage on Forescout Technologies in a research note on Wednesday, October 17th. They issued an outperform rating and a $42.00 price objective on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Forescout Technologies presently has a consensus rating of Buy and an average price target of $41.80.

NASDAQ FSCT opened at $36.50 on Friday. The stock has a market capitalization of $1.56 billion, a PE ratio of -21.10 and a beta of 1.15. Forescout Technologies has a 1-year low of $22.01 and a 1-year high of $40.96. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.08.



Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Thursday, February 7th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.24. The business had revenue of $84.73 million for the quarter, compared to analyst estimates of $77.84 million. Forescout Technologies had a negative return on equity of 59.52% and a negative net margin of 25.14%. The company’s revenue was up 34.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.13) EPS. Sell-side analysts expect that Forescout Technologies will post -1.71 EPS for the current fiscal year.

In related news, Director Enrique T. Salem sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $25.32, for a total transaction of $37,980.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Darren J. Milliken sold 3,870 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $35.26, for a total value of $136,456.20. The disclosure for this sale can be found here. Insiders have sold a total of 172,139 shares of company stock worth $4,680,931 over the last three months. 36.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates acquired a new position in Forescout Technologies during the 2nd quarter worth approximately $475,000. Canada Pension Plan Investment Board acquired a new position in Forescout Technologies during the 3rd quarter worth approximately $4,792,000. Bank of America Corp DE lifted its position in Forescout Technologies by 58.2% during the 2nd quarter. Bank of America Corp DE now owns 50,583 shares of the company’s stock worth $1,733,000 after acquiring an additional 18,617 shares in the last quarter. Tygh Capital Management Inc. lifted its position in Forescout Technologies by 12.1% during the 3rd quarter. Tygh Capital Management Inc. now owns 156,821 shares of the company’s stock worth $5,922,000 after acquiring an additional 16,931 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in 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 acquiring an additional 3,041 shares in the last quarter. 56.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Understanding Analyst Ratings

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

Receive News & Ratings for Forescout Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forescout Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply