Qualys, Inc. (QLYS) Receives New Coverage from Analysts at Needham & Company LLC
Investment analysts at Needham & Company LLC assumed coverage on shares of Qualys, Inc. (NASDAQ:QLYS) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set a “buy” rating on the software maker’s stock.
A number of other brokerages have also weighed in on QLYS. Morgan Stanley lowered Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price objective on the stock. in a report on Tuesday, October 10th. Northland Securities set a $48.00 price target on Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Imperial Capital reissued an “outperform” rating and set a $50.00 price target (up previously from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. Zacks Investment Research lowered Qualys from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Finally, BidaskClub raised Qualys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $45.55.
Qualys (NASDAQ QLYS) traded up 0.59% during trading on Monday, reaching $51.50. The company had a trading volume of 132,433 shares. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 50.39 and a beta of 0.91. The firm has a 50-day moving average of $51.39 and a 200-day moving average of $44.01. Qualys has a 1-year low of $30.60 and a 1-year high of $54.15.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. During the same quarter in the previous year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Qualys will post $0.90 EPS for the current fiscal year.
In related news, Director Jeffrey P. Hank sold 2,500 shares of Qualys stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $46.10, for a total transaction of $115,250.00. Following the completion of the transaction, the director now directly owns 8,655 shares in the company, valued at approximately $398,995.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $45.02, for a total value of $90,040.00. Following the transaction, the vice president now owns 79,221 shares of the company’s stock, valued at $3,566,529.42. The disclosure for this sale can be found here. Insiders have sold a total of 67,908 shares of company stock valued at $3,231,668 over the last 90 days. Insiders own 30.20% of the company’s stock.
Several institutional investors have recently modified their holdings of QLYS. BlackRock Inc. raised its position in shares of Qualys by 157,222.3% during the 1st quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock worth $127,537,000 after purchasing an additional 3,362,985 shares during the last quarter. ETF Managers Group LLC acquired a new position in shares of Qualys during the 2nd quarter worth approximately $41,523,000. Pictet Asset Management Ltd. raised its position in shares of Qualys by 307.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 430,000 shares of the software maker’s stock worth $18,060,000 after purchasing an additional 324,500 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Qualys by 25.4% during the 1st quarter. Renaissance Technologies LLC now owns 917,900 shares of the software maker’s stock worth $34,788,000 after purchasing an additional 186,000 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Qualys during the 1st quarter worth approximately $4,472,000. Hedge funds and other institutional investors own 73.57% 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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