Qualys, Inc. (NASDAQ:QLYS) Receives Average Rating of “Hold” from Analysts
Qualys, Inc. (NASDAQ:QLYS) has received an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.50.
Several research firms have weighed in on QLYS. BidaskClub downgraded Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research downgraded Qualys from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $50.00 price target (up from $45.00) on shares of Qualys in a research note on Thursday, July 20th. Finally, Monness Crespi & Hardt began coverage on Qualys in a research note on Monday, July 10th. They issued a “neutral” rating for the company.
Shares of Qualys (NASDAQ:QLYS) traded down 0.2042% during midday trading on Friday, reaching $40.7666. 149,425 shares of the company were exchanged. The company has a 50 day moving average price of $41.35 and a 200-day moving average price of $38.32. The stock has a market capitalization of $1.51 billion, a P/E ratio of 43.6941 and a beta of 0.94. Qualys has a 12-month low of $30.00 and a 12-month high of $44.35.
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In related news, insider Sumedh S. Thakar sold 1,800 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $40.67, for a total transaction of $73,206.00. Following the sale, the insider now owns 138,631 shares of the company’s stock, valued at $5,638,122.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 16,585 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $40.57, for a total value of $672,853.45. Following the sale, the insider now directly owns 155,735 shares in the company, valued at approximately $6,318,168.95. The disclosure for this sale can be found here. Insiders have sold a total of 30,304 shares of company stock worth $1,232,735 in the last three months. Corporate insiders own 30.20% of the company’s stock.
Large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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. New York State Teachers Retirement System boosted its position in shares of Qualys by 4.6% in the fourth quarter. New York State Teachers Retirement System now owns 11,256 shares of the software maker’s stock valued at $356,000 after buying an additional 500 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Qualys during the fourth quarter valued at about $1,677,000. Finally, Norges Bank purchased a new position in shares of Qualys during the fourth quarter valued at about $8,725,000. 74.32% of the stock is owned by institutional investors and hedge funds.
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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