Qualys Inc. (QLYS) Upgraded to Buy by DA Davidson
Qualys Inc. (NASDAQ:QLYS) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Monday, The Fly reports.
A number of other research analysts have also issued reports on the stock. Wunderlich upgraded shares of Qualys from a “hold” rating to a “buy” rating and raised their price objective for the company from $31.00 to $43.00 in a report on Tuesday, September 13th. First Analysis raised their price objective on shares of Qualys from $36.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, September 12th. Zacks Investment Research lowered shares of Qualys from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. TheStreet upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Finally, Imperial Capital restated an “outperform” rating and set a $30.00 price target on shares of Qualys in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.00.
Qualys (NASDAQ:QLYS) opened at 37.65 on Monday. Qualys has a one year low of $16.96 and a one year high of $39.74. The firm has a market cap of $1.33 billion, a PE ratio of 78.44 and a beta of 1.07. The company’s 50-day moving average is $36.82 and its 200 day moving average is $31.20.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/qualys-inc-qlys-upgraded-to-buy-by-da-davidson.html
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The business earned $48.50 million during the quarter, compared to analyst estimates of $48.01 million. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. Equities analysts anticipate that Qualys will post $0.79 earnings per share for the current year.
In other Qualys news, insider Sumedh S. Thakar sold 3,825 shares of Qualys stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $31.08, for a total transaction of $118,881.00. Following the transaction, the insider now directly owns 59,560 shares of the company’s stock, valued at approximately $1,851,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard A. Schmidt sold 15,063 shares of Qualys stock in a transaction on Monday, August 8th. The stock was sold at an average price of $31.90, for a total transaction of $480,509.70. Following the transaction, the director now directly owns 13,084 shares in the company, valued at $417,379.60. The disclosure for this sale can be found here. 30.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of QLYS. Penserra Capital Management LLC purchased a new position in Qualys during the fourth quarter worth about $35,379,000. California State Teachers Retirement System increased its position in Qualys by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 46,052 shares of the company’s stock worth $1,524,000 after buying an additional 763 shares in the last quarter. Eagle Asset Management increased its position in Qualys by 102.6% in the third quarter. Eagle Asset Management now owns 4,546,442 shares of the company’s stock worth $129,390,000 after buying an additional 2,302,362 shares in the last quarter. KAMES CAPITAL plc increased its position in Qualys by 130.8% in the fourth quarter. KAMES CAPITAL plc now owns 187,941 shares of the company’s stock worth $6,217,000 after buying an additional 106,516 shares in the last quarter. Finally, Goodman Financial Corp increased its position in Qualys by 2.1% in the fourth quarter. Goodman Financial Corp now owns 141,860 shares of the company’s stock worth $4,694,000 after buying an additional 2,905 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Qualys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys Inc. and related companies with MarketBeat.com's FREE daily email newsletter.