Qualys Inc. (NASDAQ:QLYS) – Investment analysts at Imperial Capital raised their FY2016 earnings estimates for Qualys in a research note issued to investors on Tuesday. Imperial Capital analyst M. Kim now expects that the firm will post earnings per share of $0.46 for the year, up from their prior estimate of $0.42. Imperial Capital has a “Outperform” rating and a $40.00 price target on the stock.

QLYS has been the subject of a number of other reports. DA Davidson upgraded Qualys from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $47.00 in a report on Monday, October 17th. Summit Redstone restated a “hold” rating and set a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. JPMorgan Chase & Co. upgraded Qualys from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $28.00 to $40.00 in a report on Friday, November 4th. Summit Research restated a “hold” rating and set a $30.00 price objective on shares of Qualys in a report on Friday, July 22nd. Finally, Wunderlich upgraded Qualys from a “hold” rating to a “buy” rating and upped their price objective for the stock from $31.00 to $43.00 in a report on Tuesday, September 13th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Qualys currently has a consensus rating of “Buy” and an average price target of $35.75.

Earnings History and Estimates for Qualys (NASDAQ:QLYS)

Shares of Qualys (NASDAQ:QLYS) opened at 36.10 on Friday. Qualys has a 1-year low of $16.96 and a 1-year high of $39.74. The firm has a market capitalization of $1.29 billion, a PE ratio of 72.20 and a beta of 1.09. The firm has a 50-day moving average price of $37.25 and a 200-day moving average price of $32.83.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. Qualys had a return on equity of 8.79% and a net margin of 9.86%. The company had revenue of $51 million for the quarter, compared to analysts’ expectations of $50.74 million. During the same period last year, the firm earned $0.19 earnings per share. Qualys’s quarterly revenue was up 20.1% on a year-over-year basis.

Several institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted 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 valued at $4,836,000 after buying an additional 35,223 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Qualys during the first quarter valued at approximately $1,455,000. BlackRock Fund Advisors boosted 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 valued at $38,442,000 after buying an additional 901,656 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Qualys by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 598,974 shares of the company’s stock valued at $15,160,000 after buying an additional 1,605 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Qualys during the first quarter valued at approximately $1,374,000. 70.93% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $32.10, for a total transaction of $64,200.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 30,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $31.33, for a total transaction of $939,900.00. Following the transaction, the chairman now directly owns 5,442,542 shares in the company, valued at approximately $170,514,840.86. The disclosure for this sale can be found here. Insiders own 30.20% of the company’s stock.

About Qualys

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.

5 Day Chart for NASDAQ:QLYS

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