Qualys, Inc. (NASDAQ:QLYS) Earns Buy Rating from Morgan Stanley
Qualys, Inc. (NASDAQ:QLYS)‘s stock had its “buy” rating reissued by research analysts at Morgan Stanley in a research note issued to investors on Thursday. They presently have a $50.00 price target on the software maker’s stock. Morgan Stanley’s price objective suggests a potential upside of 17.79% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Thursday. Imperial Capital lifted their price objective on shares of Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, May 5th. BidaskClub raised shares of Qualys from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Monness Crespi & Hardt assumed coverage on shares of Qualys in a report on Monday, July 10th. They set a “neutral” rating on the stock. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $41.23.
Shares of Qualys (NASDAQ QLYS) traded up 0.82% during mid-day trading on Thursday, hitting $42.80. The stock had a trading volume of 61,574 shares. Qualys has a 52-week low of $30.00 and a 52-week high of $44.35. The stock has a market cap of $1.59 billion, a P/E ratio of 45.87 and a beta of 0.94. The company’s 50 day moving average is $41.46 and its 200-day moving average is $38.00.
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In other news, insider Sumedh S. Thakar sold 16,585 shares of Qualys stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $40.57, for a total transaction of $672,853.45. Following the completion of the sale, the insider now directly owns 155,735 shares in the company, valued at $6,318,168.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction on Monday, May 1st. The stock was sold at an average price of $38.61, for a total transaction of $77,220.00. Following the sale, the vice president now owns 79,353 shares of the company’s stock, valued at $3,063,819.33. The disclosure for this sale can be found here. Insiders have sold 30,304 shares of company stock valued at $1,232,735 over the last quarter. Insiders own 30.20% of the company’s stock.
Several large investors have recently bought and sold shares of QLYS. Prudential Financial Inc. increased its stake in Qualys by 1.9% in the first quarter. Prudential Financial Inc. now owns 53,220 shares of the software maker’s stock valued at $2,017,000 after buying an additional 1,010 shares during the last quarter. State Street Corp increased its stake in Qualys by 6.9% in the fourth quarter. State Street Corp now owns 588,683 shares of the software maker’s stock valued at $18,626,000 after buying an additional 38,236 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Qualys by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 562,465 shares of the software maker’s stock valued at $17,802,000 after buying an additional 45,286 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Qualys by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 62,116 shares of the software maker’s stock valued at $2,354,000 after buying an additional 6,221 shares during the last quarter. Finally, Comerica Bank increased its stake in Qualys by 6.1% in the fourth quarter. Comerica Bank now owns 30,828 shares of the software maker’s stock valued at $1,052,000 after buying an additional 1,761 shares during the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.
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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