Qualys Inc. (NASDAQ:QLYS) Given Average Recommendation of “Hold” by Analysts
Shares of Qualys Inc. (NASDAQ:QLYS) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.70.
Several equities research analysts recently weighed in on QLYS shares. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, June 30th. Summit Research reissued a “hold” rating and issued a $30.00 price target on shares of Qualys in a research report on Friday, July 22nd. TheStreet raised shares of Qualys from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. First Analysis increased their price target on shares of Qualys from $36.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, September 12th. Finally, Wunderlich raised shares of Qualys from a “hold” rating to a “buy” rating and increased their price target for the stock from $31.00 to $43.00 in a research report on Tuesday, September 13th.
In related news, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $32.10, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $35.89, for a total transaction of $1,435,600.00. Following the completion of the sale, the chairman now directly owns 5,112,542 shares of the company’s stock, valued at approximately $183,489,132.38. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its position in shares of Qualys by 30.7% in the second quarter. Teacher Retirement System of Texas now owns 3,846 shares of the company’s stock worth $115,000 after buying an additional 904 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Qualys by 22.1% in the second quarter. Royal Bank of Canada now owns 4,632 shares of the company’s stock worth $138,000 after buying an additional 838 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Qualys during the second quarter worth about $142,000. Mizuho Asset Management Co. Ltd. acquired a new position in shares of Qualys during the second quarter worth about $200,000. Finally, KCG Holdings Inc. acquired a new position in shares of Qualys during the second quarter worth about $201,000. 70.14% of the stock is owned by institutional investors and hedge funds.
Qualys (NASDAQ:QLYS) traded down 1.32% during midday trading on Friday, reaching $38.06. The company’s stock had a trading volume of 141,583 shares. Qualys has a 52-week low of $16.96 and a 52-week high of $39.74. The firm has a 50-day moving average price of $36.25 and a 200 day moving average price of $30.69. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 79.29 and a beta of 1.08.
Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The business earned $48.50 million during the quarter, compared to analysts’ expectations of $48.01 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Equities research analysts predict that Qualys will post $0.79 EPS for the current fiscal 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 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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