Qualys Inc. (NASDAQ:QLYS) Given Average Recommendation of “Hold” by Analysts
Shares of Qualys Inc. (NASDAQ:QLYS) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the company. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $35.70.
Several research firms have recently weighed in on QLYS. DA Davidson reiterated a “hold” rating on shares of Qualys in a research report on Sunday, September 18th. Wunderlich upgraded shares of Qualys from a “hold” rating to a “buy” rating and increased their price objective for the stock from $31.00 to $43.00 in a research report on Tuesday, September 13th. First Analysis increased their price objective 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. Summit Research reiterated a “hold” rating and set a $30.00 price objective on shares of Qualys in a research report on Friday, July 22nd. Finally, Imperial Capital reiterated an “outperform” rating and set a $30.00 price objective on shares of Qualys in a research report on Monday, July 25th.
In related news, VP Amer Deeba sold 2,000 shares of the firm’s 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 directly owns 60,293 shares of the company’s stock, valued at $1,935,405.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 5,112,542 shares in the company, valued at $183,489,132.38. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by company insiders.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors raised its position in Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock worth $38,442,000 after buying an additional 901,656 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock worth $4,836,000 after buying an additional 35,223 shares during the last quarter. Stanley Laman Group Ltd. purchased a new position in Qualys during the second quarter worth $205,000. A.R.T. Advisors LLC purchased a new position in Qualys during the first quarter worth $1,374,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Qualys during the first quarter worth $419,000. 70.14% of the stock is currently owned by institutional investors.
Shares of Qualys (NASDAQ:QLYS) traded down 1.32% during midday trading on Friday, reaching $38.06. 141,583 shares of the company’s stock traded hands. The stock has a market cap of $1.35 billion, a P/E ratio of 79.29 and a beta of 1.08. Qualys has a 12 month low of $16.96 and a 12 month high of $39.74. The stock has a 50 day moving average of $36.25 and a 200-day moving average of $30.69.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, topping 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 company earned $48.50 million during the quarter, compared to analysts’ expectations of $48.01 million. During the same period in the prior year, the company posted $0.16 earnings per share. Qualys’s revenue for the quarter was up 21.3% compared to the same quarter last year. On average, equities research analysts forecast that Qualys will post $0.79 EPS for the current fiscal year.
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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