Qualys, Inc. (NASDAQ:QLYS)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a report issued on Wednesday, MarketBeat.com reports. They currently have a $70.00 target price on the software maker’s stock, up from their previous target price of $65.00. Needham & Company LLC’s price objective suggests a potential upside of 32.33% from the company’s current price.
Several other brokerages have also recently weighed in on QLYS. Morgan Stanley cut Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $61.00 price target on shares of Qualys in a research note on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of Qualys in a research note on Friday, October 27th. Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $50.00 price target (up from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $51.57.
Shares of Qualys (NASDAQ:QLYS) traded up 5.86% during trading on Wednesday, hitting $56.00. The company had a trading volume of 720,838 shares. The company’s 50 day moving average is $51.85 and its 200 day moving average is $44.85. The firm has a market capitalization of $2.10 billion, a P/E ratio of 54.79 and a beta of 0.91. Qualys has a 1-year low of $30.60 and a 1-year high of $57.35.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The company had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 earnings per share. Analysts anticipate that Qualys will post $0.90 earnings per share for the current fiscal year.
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In other news, Director Peter Pace sold 12,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $44.88, for a total transaction of $538,560.00. Following the transaction, the director now directly owns 35,155 shares of the company’s stock, valued at $1,577,756.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $53.00, for a total value of $106,000.00. Following the transaction, the insider now directly owns 124,051 shares in the company, valued at $6,574,703. The disclosure for this sale can be found here. Insiders sold 67,908 shares of company stock worth $3,231,668 over the last three months. Corporate insiders own 30.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Pinebridge Investments L.P. lifted its holdings in shares of Qualys by 2.9% during the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after purchasing an additional 110 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Qualys by 2.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after purchasing an additional 170 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Qualys by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock valued at $498,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Qualys by 2.0% during the second quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock valued at $636,000 after purchasing an additional 300 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Qualys by 17.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after purchasing an additional 408 shares in the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.
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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