Marshall Wace LLP purchased a new stake in Forescout Technologies Inc (NASDAQ:FSCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 631,163 shares of the company’s stock, valued at approximately $23,833,000.
Several other large investors have also added to or reduced their stakes in FSCT. Clearbridge Investments LLC grew its position in shares of Forescout Technologies by 3.5% in the 3rd quarter. Clearbridge Investments LLC now owns 457,793 shares of the company’s stock worth $17,286,000 after buying an additional 15,374 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Forescout Technologies by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,243,773 shares of the company’s stock worth $46,966,000 after buying an additional 97,273 shares during the last quarter. Legal & General Group Plc grew its position in shares of Forescout Technologies by 8.6% in the 3rd quarter. Legal & General Group Plc now owns 749,490 shares of the company’s stock worth $28,301,000 after buying an additional 59,041 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Forescout Technologies by 48.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 275,825 shares of the company’s stock worth $10,415,000 after buying an additional 89,786 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Forescout Technologies by 0.7% in the 3rd quarter. Teachers Advisors LLC now owns 343,032 shares of the company’s stock worth $12,953,000 after buying an additional 2,549 shares during the last quarter. 56.15% of the stock is currently owned by hedge funds and other institutional investors.
FSCT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Robert W. Baird initiated coverage on Forescout Technologies in a research report on Wednesday, October 17th. They issued an “outperform” rating and a $42.00 price objective on the stock. Berenberg Bank initiated coverage on Forescout Technologies in a research report on Thursday, November 29th. They issued a “buy” rating and a $41.00 price objective on the stock. Needham & Company LLC initiated coverage on Forescout Technologies in a research report on Friday, September 21st. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $39.55.
Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, November 8th. The company reported ($0.19) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.08). The firm had revenue of $85.63 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) EPS. As a group, sell-side analysts anticipate that Forescout Technologies Inc will post -1.95 EPS for the current year.
In other news, Director Enrique T. Salem sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $25.81, for a total value of $38,715.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Darren J. Milliken sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $40.06, for a total value of $400,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,108,640 shares of company stock valued at $40,158,681. 36.20% of the stock is currently owned by company insiders.
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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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