Several other equities analysts also recently weighed in on the company. Bank of America restated a buy rating and issued a $35.00 target price (up previously from $30.00) on shares of ForeScout Technologies in a research report on Thursday, December 28th. They noted that the move was a valuation call. UBS set a $30.00 target price on ForeScout Technologies and gave the company a buy rating in a research report on Friday, December 8th. Morgan Stanley set a $31.00 target price on ForeScout Technologies and gave the company a hold rating in a research report on Thursday, February 8th. Finally, Stephens started coverage on ForeScout Technologies in a research report on Thursday. They issued an overweight rating and a $37.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $32.57.
NASDAQ FSCT opened at $32.91 on Thursday. ForeScout Technologies has a 1-year low of $21.56 and a 1-year high of $37.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.75 and a current ratio of 1.77.
In related news, Chairman Yehezkel Yeshurun sold 113,137 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $27.64, for a total value of $3,127,106.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Meritech Management Associates sold 1,014,140 shares of the stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $27.64, for a total value of $28,030,829.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,801,916 shares of company stock valued at $49,804,958.
Several large investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at approximately $20,081,000. Clearbridge LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at approximately $16,428,000. BlackRock Inc. acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at approximately $14,708,000. Emerald Advisers Inc. PA acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at approximately $11,318,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of ForeScout Technologies in the fourth quarter valued at approximately $10,367,000. 35.33% of the stock is owned by hedge funds and other institutional investors.
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About ForeScout Technologies
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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