Brokerages Set Qualys Inc. (NASDAQ:QLYS) Price Target at $35.70
Qualys Inc. (NASDAQ:QLYS) has been assigned an average rating of “Hold” from the sixteen brokerages that are covering the firm. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $35.70.
QLYS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, June 30th. Summit Research reiterated a “hold” rating and issued a $30.00 price target on shares of Qualys in a research note on Friday, July 22nd. TheStreet upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. First Analysis raised their price objective on Qualys from $36.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. Finally, Wunderlich upgraded Qualys from a “hold” rating to a “buy” rating and raised their price objective for the company from $31.00 to $43.00 in a research report on Tuesday, September 13th.
Shares of Qualys (NASDAQ:QLYS) opened at 38.56 on Friday. The stock has a 50 day moving average price of $36.37 and a 200-day moving average price of $30.78. Qualys has a 1-year low of $16.96 and a 1-year high of $39.74. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 80.33 and a beta of 1.08.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. Qualys had a return on equity of 8.28% and a net margin of 9.84%. The business earned $48.50 million during the quarter, compared to analyst estimates of $48.01 million. During the same quarter in the prior year, the business posted $0.16 EPS. Qualys’s revenue for the quarter was up 21.3% compared to the same quarter last year. Equities research analysts forecast that Qualys will post $0.79 earnings per share for the current year.
In other Qualys news, insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $35.77, for a total value of $57,232.00. Following the completion of the sale, the insider now owns 57,335 shares of the company’s stock, valued at $2,050,872.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Howard A. Schmidt sold 15,063 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $31.90, for a total transaction of $480,509.70. Following the completion of the sale, the director now directly owns 13,084 shares of the company’s stock, valued at approximately $417,379.60. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund purchased a new stake in shares of Qualys during the first quarter valued at about $487,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Qualys during the first quarter worth approximately $419,000. TIAA CREF Investment Management LLC raised its position in shares of Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock worth $4,836,000 after buying an additional 35,223 shares during the period. Prudential Financial Inc. bought a new position in shares of Qualys during the first quarter worth approximately $1,455,000. Finally, BlackRock Fund Advisors raised its position in shares of Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock worth $38,442,000 after buying an additional 901,656 shares during the period. 70.14% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Qualys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys Inc. and related companies with MarketBeat.com's FREE daily email newsletter.