Forescout Technologies (FSCT) PT Set at $31.00 by Morgan Stanley

Morgan Stanley set a $31.00 price target on Forescout Technologies (NASDAQ:FSCT) in a research report report published on Thursday. The firm currently has a hold rating on the stock.

Several other analysts have also recently commented on the stock. UBS Group set a $30.00 price target on shares of Forescout Technologies and gave the stock a buy rating in a research note on Friday, December 8th. Bank of America started coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued a buy rating on the stock. Citigroup started coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued a neutral rating and a $27.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued an overweight rating and a $33.00 price target on the stock. Finally, KeyCorp started coverage on shares of Forescout Technologies in a research note on Tuesday, November 21st. They issued an overweight rating and a $34.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $31.83.

Forescout Technologies (NASDAQ:FSCT) traded down $1.69 on Thursday, hitting $27.02. 147,937 shares of the company were exchanged, compared to its average volume of 140,723. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.93 and a current ratio of 0.94. Forescout Technologies has a 52 week low of $21.56 and a 52 week high of $35.00.

Forescout Technologies (NASDAQ:FSCT) last released its earnings results on Thursday, December 7th. The company reported ($1.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.33) by $0.16. equities analysts expect that Forescout Technologies will post -1.11 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in FSCT. The Manufacturers Life Insurance Company purchased a new stake in Forescout Technologies in the 4th quarter worth $134,000. Keybank National Association OH bought a new position in Forescout Technologies during the 4th quarter valued at about $231,000. Schwab Charles Investment Management Inc. bought a new position in Forescout Technologies during the 4th quarter valued at about $555,000. Albert D Mason Inc. bought a new position in Forescout Technologies during the 4th quarter valued at about $596,000. Finally, CI Investments Inc. bought a new position in Forescout Technologies during the 4th quarter valued at about $797,000. Institutional investors and hedge funds own 1.32% of the company’s stock.

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About Forescout Technologies

ForeScout Technologies, Inc is a United States-based provider of automated security control solutions. The Company transforms security through visibility. It offers enterprises and government organizations the ability to see devices, including non-traditional devices, the instant they connect to the network.

Analyst Recommendations for Forescout Technologies (NASDAQ:FSCT)

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