Qualys Inc (QLYS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Qualys Inc (NASDAQ:QLYS) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $54.08.

A number of analysts have recently issued reports on QLYS shares. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Saturday, November 4th. Summit Redstone upgraded Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Wednesday, November 1st. Needham & Company LLC reiterated a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Northland Securities set a $48.00 price target on Qualys and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley downgraded Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a research report on Tuesday, October 10th.

Qualys (NASDAQ QLYS) traded down $0.65 during mid-day trading on Friday, reaching $64.10. The company’s stock had a trading volume of 149,300 shares, compared to its average volume of 181,483. The stock has a market cap of $2,440.00, a price-to-earnings ratio of 57.75, a PEG ratio of 5.19 and a beta of 0.88. Qualys has a 1-year low of $32.40 and a 1-year high of $65.25.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. sell-side analysts predict that Qualys will post 0.65 earnings per share for the current fiscal year.

In other Qualys news, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $63.39, for a total value of $126,780.00. Following the transaction, the insider now directly owns 198,340 shares of the company’s stock, valued at approximately $12,572,772.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amer Deeba sold 12,000 shares of Qualys stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.15, for a total value of $661,800.00. Following the completion of the transaction, the vice president now directly owns 77,777 shares in the company, valued at $4,289,401.55. The disclosure for this sale can be found here. Insiders sold a total of 557,916 shares of company stock valued at $32,644,046 in the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. ETF Managers Group LLC purchased a new position in shares of Qualys during the second quarter valued at approximately $41,523,000. Neuberger Berman Group LLC increased its stake in shares of Qualys by 23.8% during the third quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock valued at $145,164,000 after buying an additional 538,305 shares during the period. BlackRock Inc. increased its stake in shares of Qualys by 7.3% during the second quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock valued at $147,317,000 after buying an additional 245,550 shares during the period. Renaissance Technologies LLC increased its stake in shares of Qualys by 11.5% during the second quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock valued at $41,738,000 after buying an additional 105,100 shares during the period. Finally, State Street Corp increased its stake in shares of Qualys by 12.9% during the second quarter. State Street Corp now owns 721,149 shares of the software maker’s stock valued at $29,421,000 after buying an additional 82,251 shares during the period. 75.34% of the stock is currently owned by institutional investors and hedge funds.

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About Qualys

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.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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