Qualys Inc. (QLYS) Trading 6.4% Higher
Qualys Inc. (NASDAQ:QLYS) traded up 6.4% on Tuesday . The company traded as high as $32.67 and last traded at $32.58, with a volume of 502,424 shares trading hands. The stock had previously closed at $30.63.
A number of equities research analysts recently weighed in on the stock. Summit Research reaffirmed a “hold” rating and set a $30.00 price target on shares of Qualys in a report on Friday, July 22nd. Imperial Capital reaffirmed an “outperform” rating and set a $30.00 price target on shares of Qualys in a report on Monday, July 25th. TheStreet raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Tuesday, August 9th. Finally, Summit Redstone reaffirmed a “hold” rating and set a $30.00 price target on shares of Qualys in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $32.47.
The company’s 50-day moving average is $31.09 and its 200-day moving average is $27.73. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of 67.96.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The firm earned $48.50 million during the quarter, compared to analyst estimates of $48.01 million. Qualys’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts anticipate that Qualys Inc. will post $0.79 earnings per share for the current fiscal year.
In other news, Chairman Philippe F. Courtot sold 30,000 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $30.49, for a total value of $914,700.00. Following the completion of the sale, the chairman now directly owns 5,472,842 shares in the company, valued at $166,866,952.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $32.10, for a total transaction of $64,200.00. Following the completion of the sale, the vice president now owns 60,293 shares of the company’s stock, valued at $1,935,405.30. The disclosure for this sale can be found here.
Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new stake in shares of Qualys during the fourth quarter worth $2,355,000. Jennison Associates LLC boosted its position in Qualys by 1.4% in the fourth quarter. Jennison Associates LLC now owns 253,730 shares of the company’s stock valued at $8,396,000 after buying an additional 3,467 shares during the last quarter. Trexquant Investment LP bought a new position in Qualys during the fourth quarter valued at approximately $1,622,000. Marshall Wace LLP boosted its position in Qualys by 463.9% in the fourth quarter. Marshall Wace LLP now owns 102,023 shares of the company’s stock valued at $3,376,000 after buying an additional 83,930 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Qualys by 35.8% in the fourth quarter. Wells Fargo & Company MN now owns 563,987 shares of the company’s stock valued at $18,662,000 after buying an additional 148,567 shares during the last quarter.
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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