Forescout Technologies Inc (NASDAQ:FSCT) major shareholder Amadeus Capital Partners Ltd sold 117,609 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $38.86, for a total value of $4,570,285.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Amadeus Capital Partners Ltd also recently made the following trade(s):
- On Monday, September 17th, Amadeus Capital Partners Ltd sold 277,204 shares of Forescout Technologies stock. The shares were sold at an average price of $37.95, for a total value of $10,519,891.80.
- On Thursday, September 13th, Amadeus Capital Partners Ltd sold 399,812 shares of Forescout Technologies stock. The shares were sold at an average price of $37.63, for a total value of $15,044,925.56.
- On Tuesday, September 11th, Amadeus Capital Partners Ltd sold 44,102 shares of Forescout Technologies stock. The shares were sold at an average price of $37.32, for a total value of $1,645,886.64.
FSCT stock traded up $0.49 on Friday, reaching $30.33. The company’s stock had a trading volume of 318,247 shares, compared to its average volume of 494,123. Forescout Technologies Inc has a 52 week low of $21.56 and a 52 week high of $40.96. The firm has a market capitalization of $1.58 billion and a price-to-earnings ratio of -3.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.17 and a quick ratio of 2.16.
Forescout Technologies (NASDAQ:FSCT) last issued its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.19. The business had revenue of $67.59 million during the quarter, compared to the consensus estimate of $63.57 million. During the same period last year, the company earned ($2.31) earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, equities analysts anticipate that Forescout Technologies Inc will post -0.95 EPS for the current fiscal year.
Several analysts have issued reports on FSCT shares. Monness Crespi & Hardt assumed coverage on Forescout Technologies in a research note on Monday, July 9th. They set a “buy” rating and a $42.00 price objective on the stock. Zacks Investment Research cut Forescout Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Citigroup increased their price target on Forescout Technologies from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. increased their price target on Forescout Technologies to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Finally, UBS Group increased their price target on Forescout Technologies from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $39.10.
A number of hedge funds have recently modified their holdings of the stock. Fortaleza Asset Management Inc. bought a new position in Forescout Technologies during the 2nd quarter valued at $107,000. NumerixS Investment Technologies Inc bought a new position in Forescout Technologies during the 2nd quarter valued at $140,000. SG Americas Securities LLC bought a new position in Forescout Technologies during the 2nd quarter valued at $161,000. Royal Bank of Canada boosted its stake in Forescout Technologies by 67,800.0% during the 1st quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock valued at $176,000 after purchasing an additional 5,424 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Forescout Technologies during the 2nd quarter valued at $185,000. 54.40% of the stock is owned by institutional investors and hedge funds.
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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