Qualys (QLYS) Rating Reiterated by Robert W. Baird
Several other brokerages also recently commented on QLYS. BidaskClub raised shares of Qualys from a buy rating to a strong-buy rating in a research note on Friday, July 20th. First Analysis set a $112.00 price objective on shares of Qualys and gave the stock a buy rating in a research report on Monday, September 10th. ValuEngine downgraded shares of Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, September 4th. Royal Bank of Canada increased their price objective on shares of Qualys to $90.00 and gave the stock a positive rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their price objective on shares of Qualys to $100.00 and gave the stock a neutral rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $85.67.
NASDAQ:QLYS traded up $0.19 during trading hours on Thursday, hitting $74.29. The stock had a trading volume of 6,430 shares, compared to its average volume of 367,238. Qualys has a one year low of $50.65 and a one year high of $98.30. The company has a market capitalization of $2.95 billion, a PE ratio of 82.77 and a beta of 1.13.
In related news, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $88.49, for a total transaction of $176,980.00. Following the completion of the transaction, the vice president now owns 37,548 shares in the company, valued at $3,322,622.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Melissa B. Fisher sold 1,500 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $86.84, for a total transaction of $130,260.00. Following the transaction, the chief financial officer now owns 121,330 shares of the company’s stock, valued at approximately $10,536,297.20. The disclosure for this sale can be found here. Insiders have sold 294,641 shares of company stock valued at $25,564,932 in the last three months. 18.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in Qualys during the third quarter worth $146,000. Envestnet Asset Management Inc. boosted its holdings in Qualys by 119.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,889 shares of the software maker’s stock worth $159,000 after purchasing an additional 1,030 shares during the last quarter. Stevens Capital Management LP acquired a new position in Qualys during the second quarter worth $212,000. Atria Investments LLC acquired a new position in Qualys during the second quarter worth $217,000. Finally, NewSquare Capital LLC acquired a new position in Qualys during the second quarter worth $217,000. Institutional investors and hedge funds own 82.10% of the company’s stock.
Qualys Company Profile
Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.
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