Analysts Set Qualys, Inc. (QLYS) PT at $45.30
Shares of Qualys, Inc. (NASDAQ:QLYS) have been given an average recommendation of “Hold” by the sixteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.30.
QLYS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Thursday, July 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $50.00 price target (up from $45.00) on shares of Qualys in a research note on Thursday, July 20th. Susquehanna Bancshares Inc initiated coverage on Qualys in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 price target for the company. Monness Crespi & Hardt initiated coverage on Qualys in a research note on Monday, July 10th. They issued a “neutral” rating for the company. Finally, Robert W. Baird set a $42.00 price target on Qualys and gave the company a “hold” rating in a research note on Sunday, July 30th.
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In other news, insider Sumedh S. Thakar sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $40.67, for a total transaction of $73,206.00. Following the completion of the transaction, the insider now directly owns 138,631 shares of the company’s stock, valued at approximately $5,638,122.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $40.21, for a total transaction of $80,420.00. Following the transaction, the vice president now directly owns 81,353 shares of the company’s stock, valued at $3,271,204.13. The disclosure for this sale can be found here. Insiders have sold a total of 67,708 shares of company stock valued at $3,174,974 over the last ninety days. Company insiders own 30.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Qualys in the 2nd quarter valued at approximately $103,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Qualys by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after buying an additional 408 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of Qualys by 226.3% in the 1st quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock valued at $129,000 after buying an additional 2,360 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Qualys by 448.8% in the 1st quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after buying an additional 3,061 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Qualys by 131.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock valued at $146,000 after buying an additional 2,186 shares during the last quarter. 73.57% of the stock is owned by institutional investors.
Qualys (NASDAQ QLYS) traded up 0.48% on Friday, hitting $52.20. 118,620 shares of the stock traded hands. The company’s 50 day moving average price is $46.67 and its 200-day moving average price is $41.28. Qualys has a 12-month low of $30.60 and a 12-month high of $52.55. The stock has a market capitalization of $1.96 billion, a P/E ratio of 51.08 and a beta of 0.89.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The company had revenue of $55.30 million during the quarter, compared to analysts’ expectations of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. Qualys’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. Analysts predict that Qualys will post $0.90 EPS for the current year.
Qualys Company Profile
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 Qualys 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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