Qualys Inc. (QLYS) Lifted to “Buy” at DA Davidson
Qualys Inc. (NASDAQ:QLYS) was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued on Monday, The Fly reports.
Other analysts have also recently issued reports about the stock. Wunderlich upgraded shares of Qualys from a “hold” rating to a “buy” rating and upped their price target for the company from $31.00 to $43.00 in a research note on Tuesday, September 13th. TheStreet upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Tuesday, August 9th. Summit Research reiterated a “hold” rating and issued a $30.00 target price on shares of Qualys in a research note on Friday, July 22nd. Finally, Summit Redstone reiterated a “hold” rating and issued a $30.00 target price on shares of Qualys in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.00.
Shares of Qualys (NASDAQ:QLYS) opened at 37.65 on Monday. The company has a market cap of $1.33 billion, a PE ratio of 78.44 and a beta of 1.07. Qualys has a 1-year low of $16.96 and a 1-year high of $39.74. The firm’s 50 day moving average is $36.82 and its 200-day moving average is $31.20.
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Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. The company had revenue of $48.50 million for the quarter, compared to analysts’ expectations of $48.01 million. Qualys had a net margin of 9.84% and a return on equity of 8.28%. Qualys’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Equities analysts expect that Qualys will post $0.79 earnings per share for the current year.
In other Qualys news, Director Howard A. Schmidt sold 15,063 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $31.90, for a total value of $480,509.70. Following the sale, the director now owns 13,084 shares of the company’s stock, valued at approximately $417,379.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $38.76, for a total transaction of $62,016.00. Following the completion of the sale, the insider now directly owns 57,335 shares in the company, valued at approximately $2,222,304.60. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake 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 period. Royal Bank of Canada raised its stake 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 period. Mason Street Advisors LLC purchased a new stake in shares of Qualys during the second quarter worth about $142,000. Mizuho Asset Management Co. Ltd. purchased a new stake in shares of Qualys during the second quarter worth about $200,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Qualys during the second quarter worth about $201,000. 70.25% of the stock is currently owned by institutional investors and hedge funds.
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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