Natixis Acquires New Stake in Forescout Technologies Inc (FSCT)

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Natixis purchased a new stake in Forescout Technologies Inc (NASDAQ:FSCT) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 26,638 shares of the company’s stock, valued at approximately $913,000. Natixis owned approximately 0.07% of Forescout Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Voya Investment Management LLC acquired a new position in shares of Forescout Technologies in the second quarter worth $367,000. Raymond James & Associates purchased a new stake in shares of Forescout Technologies in the second quarter valued at $475,000. HarbourVest Partners LLC purchased a new stake in shares of Forescout Technologies in the second quarter valued at $2,086,000. Van ECK Associates Corp grew its position in shares of Forescout Technologies by 295.4% in the second quarter. Van ECK Associates Corp now owns 5,730 shares of the company’s stock valued at $196,000 after purchasing an additional 4,281 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Forescout Technologies in the second quarter valued at $307,000. 54.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:FSCT traded up $0.49 during trading on Friday, hitting $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 fifty-two week low of $21.56 and a fifty-two week high of $40.96. The stock has a market cap 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 quick ratio of 2.16 and a current ratio of 2.17.

Forescout Technologies (NASDAQ:FSCT) last announced its quarterly earnings data on Thursday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.19. The firm had revenue of $67.59 million for the quarter, compared to analyst estimates of $63.57 million. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.31) EPS. On average, equities research analysts predict that Forescout Technologies Inc will post -0.95 EPS for the current year.

FSCT has been the subject of a number of research reports. ValuEngine raised Forescout Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Forescout Technologies from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday. Needham & Company LLC initiated coverage on Forescout Technologies in a research report on Friday, September 21st. They set a “buy” rating and a $47.00 price target for the company. UBS Group boosted their price target on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Monness Crespi & Hardt began coverage on Forescout Technologies in a research report on Monday, July 9th. They issued a “buy” rating and a $42.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.10.

In other news, SVP Darren J. Milliken sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $40.06, for a total transaction of $400,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Enrique T. Salem sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $34.34, for a total value of $103,020.00. The disclosure for this sale can be found here. Insiders have sold 1,180,176 shares of company stock valued at $43,623,256 over the last ninety days. Corporate insiders own 36.20% of the company’s stock.

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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Institutional Ownership by Quarter for Forescout Technologies (NASDAQ:FSCT)

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