Forescout Technologies Inc (NASDAQ:FSCT) major shareholder Amadeus Capital Partners Ltd sold 399,812 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $37.63, for a total value of $15,044,925.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Amadeus Capital Partners Ltd also recently made the following trade(s):
- 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.
Shares of NASDAQ FSCT traded up $1.02 during trading hours on Friday, reaching $38.25. 658,383 shares of the stock were exchanged, compared to its average volume of 426,035. The firm has a market cap of $1.58 billion and a P/E ratio of -4.82. The company has a current ratio of 2.17, a quick ratio of 2.16 and a debt-to-equity ratio of 0.10. Forescout Technologies Inc has a 52 week low of $21.56 and a 52 week high of $39.36.
Several analysts have issued reports on the company. Zacks Investment Research lowered Forescout Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Monness Crespi & Hardt assumed coverage on Forescout Technologies in a research note on Monday, July 9th. They issued a “buy” rating and a $42.00 price objective on the stock. UBS Group upped their price objective on Forescout Technologies from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Citigroup upped their price objective on Forescout Technologies from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on Forescout Technologies to $46.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $38.67.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fortaleza Asset Management Inc. bought a new position in shares of Forescout Technologies during the second quarter worth approximately $107,000. NumerixS Investment Technologies Inc bought a new position in shares of Forescout Technologies during the second quarter worth approximately $140,000. SG Americas Securities LLC bought a new position in shares of Forescout Technologies during the second quarter worth approximately $161,000. Royal Bank of Canada increased its stake in shares of Forescout Technologies by 67,800.0% during the first quarter. Royal Bank of Canada now owns 5,432 shares of the company’s stock worth $176,000 after purchasing an additional 5,424 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Forescout Technologies during the second quarter worth approximately $185,000. Institutional investors own 54.40% of the company’s stock.
Forescout Technologies Company 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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