Forescout Technologies Inc (FSCT) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its stake in Forescout Technologies Inc (NASDAQ:FSCT) by 2,170.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,402 shares of the company’s stock after purchasing an additional 6,120 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Forescout Technologies were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSCT. Psagot Investment House Ltd. lifted its stake in shares of Forescout Technologies by 41.0% in the fourth quarter. Psagot Investment House Ltd. now owns 1,141 shares of the company’s stock worth $30,000 after buying an additional 332 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Forescout Technologies by 151.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,381 shares of the company’s stock worth $36,000 after buying an additional 831 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Forescout Technologies in the fourth quarter worth about $60,000. Pearl River Capital LLC purchased a new position in shares of Forescout Technologies in the fourth quarter worth about $66,000. Finally, Sun Life Financial INC purchased a new position in shares of Forescout Technologies in the fourth quarter worth about $89,000. Institutional investors and hedge funds own 56.14% of the company’s stock.

Shares of FSCT stock opened at $33.24 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.26. Forescout Technologies Inc has a 12 month low of $22.01 and a 12 month high of $46.43. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -19.21 and a beta of 1.32.

Forescout Technologies (NASDAQ:FSCT) last issued its earnings results on Thursday, May 9th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.03. Forescout Technologies had a negative net margin of 25.80% and a negative return on equity of 63.71%. The company had revenue of $78.60 million for the quarter, compared to the consensus estimate of $73.71 million. During the same period in the previous year, the firm earned ($0.38) earnings per share. Forescout Technologies’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that Forescout Technologies Inc will post -1.85 EPS for the current fiscal year.

In other Forescout Technologies news, insider Pedro Abreu sold 11,015 shares of Forescout Technologies stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $45.45, for a total transaction of $500,631.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Decesare sold 15,227 shares of Forescout Technologies stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $35.09, for a total transaction of $534,315.43. The disclosure for this sale can be found here. Insiders have sold 236,345 shares of company stock worth $9,809,172 over the last ninety days. 13.80% of the stock is owned by insiders.

FSCT has been the topic of several research reports. Zacks Investment Research raised shares of Forescout Technologies from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday, February 11th. ValuEngine raised shares of Forescout Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, February 10th. Morgan Stanley set a $42.00 price target on shares of Forescout Technologies and gave the stock a “buy” rating in a research note on Friday, February 8th. Monness Crespi & Hardt reissued a “buy” rating and issued a $42.00 price target (up from $40.00) on shares of Forescout Technologies in a research note on Friday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (up from $47.00) on shares of Forescout Technologies in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Forescout Technologies currently has a consensus rating of “Buy” and a consensus target price of $45.78.

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

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