According to Zacks, “ForeScout Technologies, Inc. provides network security hardware and software products primarily in the United States, Europe, the Middle East, Africa, the Asia Pacific and Japan. Its products include CounterACT Platform, CounterACT Models, Extended Integration Modules, Open Integration Module and Other Products. The Company’s solutions include Network Access Control; Endpoint Compliance; Bring Your Own Device & Mobile Security for Enterprise; Vulnerability Management, Policy and Solutions and Advanced Network Threat Prevention and Cyber Defense Solutions. ForeScout Technologies, Inc. is headquartered in San Jose, California. “
Shares of FSCT opened at $38.07 on Monday. The company’s 50-day moving average is $34.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.23 and a current ratio of 1.24. Forescout Technologies has a 1-year low of $22.01 and a 1-year high of $46.43.
In other news, CEO Michael Decesare sold 30,000 shares of Forescout Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $37.90, for a total transaction of $1,137,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James A. Beer sold 4,800 shares of Forescout Technologies stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $41.82, for a total transaction of $200,736.00. The disclosure for this sale can be found here. Insiders have sold a total of 145,178 shares of company stock worth $5,228,138 in the last ninety days. Insiders own 13.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearbridge Investments LLC boosted its stake in shares of Forescout Technologies by 3.7% during the 1st quarter. Clearbridge Investments LLC now owns 883,936 shares of the company’s stock valued at $37,046,000 after purchasing an additional 31,325 shares in the last quarter. Deutsche Bank AG boosted its stake in Forescout Technologies by 41.9% during the fourth quarter. Deutsche Bank AG now owns 401,619 shares of the company’s stock worth $10,437,000 after acquiring an additional 118,600 shares in the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in Forescout Technologies by 165.3% during the fourth quarter. Weiss Multi Strategy Advisers LLC now owns 344,871 shares of the company’s stock worth $8,963,000 after acquiring an additional 214,871 shares in the last quarter. Geode Capital Management LLC boosted its stake in Forescout Technologies by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 284,358 shares of the company’s stock worth $7,390,000 after acquiring an additional 24,067 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Forescout Technologies by 92.6% during the fourth quarter. Millennium Management LLC now owns 214,634 shares of the company’s stock worth $5,578,000 after acquiring an additional 103,189 shares in the last quarter. 61.03% of the stock is currently owned by hedge funds and other institutional investors.
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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