Phoenix Holdings Ltd. grew its holdings in Forescout Technologies Inc (NASDAQ:FSCT) by 45.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 112,346 shares of the company’s stock after buying an additional 34,971 shares during the quarter. Phoenix Holdings Ltd. owned approximately 0.23% of Forescout Technologies worth $2,271,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Forescout Technologies by 22.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,259 shares of the company’s stock valued at $69,000 after buying an additional 597 shares in the last quarter. Russell Investments Group Ltd. increased its position in Forescout Technologies by 64.3% in the second quarter. Russell Investments Group Ltd. now owns 3,338 shares of the company’s stock worth $70,000 after purchasing an additional 1,306 shares during the period. Ameritas Investment Partners Inc. increased its position in Forescout Technologies by 12.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,246 shares of the company’s stock worth $90,000 after purchasing an additional 485 shares during the period. Mint Tower Capital Management B.V. acquired a new stake in Forescout Technologies in the first quarter worth about $126,000. Finally, Aigen Investment Management LP acquired a new stake in Forescout Technologies in the first quarter worth about $240,000. Institutional investors own 83.88% of the company’s stock.
Shares of NASDAQ:FSCT remained flat at $$28.99 during trading on Thursday. The stock had a trading volume of 1,561,000 shares, compared to its average volume of 2,388,348. Forescout Technologies Inc has a fifty-two week low of $18.10 and a fifty-two week high of $40.06. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.44 billion, a P/E ratio of -10.07 and a beta of 0.73. The firm has a 50 day simple moving average of $27.21 and a 200-day simple moving average of $28.51.
Forescout Technologies (NASDAQ:FSCT) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.48) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.67) by $0.19. Forescout Technologies had a negative return on equity of 172.29% and a negative net margin of 43.22%. Equities analysts forecast that Forescout Technologies Inc will post -2.75 EPS for the current year.
A number of analysts recently commented on FSCT shares. BidaskClub lowered Forescout Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 9th. UBS Group lifted their price objective on Forescout Technologies from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Robert W. Baird reiterated a “hold” rating on shares of Forescout Technologies in a research report on Wednesday, July 8th. Needham & Company LLC started coverage on Forescout Technologies in a research report on Wednesday, July 8th. They issued a “hold” rating for the company. Finally, Zacks Investment Research upgraded Forescout Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.09.
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 CounterACT that provides for visibility and control capabilities across campus information technology and Internet of Things (IoT) devices, operational technology devices, data center physical and virtual devices, and cloud virtual devices; and SilentDefense, which offers visibility and control capabilities within the operational technology portion of the network.
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