Qualys (QLYS) Lowered to Buy at BidaskClub

Qualys (NASDAQ:QLYS) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other analysts also recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $61.00 target price on shares of Qualys in a research note on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 target price for the company. in a research note on Tuesday, December 12th. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Saturday, November 4th. Summit Redstone upgraded Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Wednesday, November 1st. Finally, Needham & Company LLC started coverage on Qualys in a research note on Monday, October 23rd. They set a “buy” rating and a $65.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.85.

Shares of Qualys (NASDAQ QLYS) opened at $64.30 on Thursday. The stock has a market capitalization of $2,460.00, a PE ratio of 57.93, a PEG ratio of 5.11 and a beta of 0.88. Qualys has a 52 week low of $32.40 and a 52 week high of $65.25.

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

In other Qualys news, insider Sumedh S. Thakar sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $55.05, for a total value of $825,750.00. Following the completion of the transaction, the insider now owns 211,346 shares of the company’s stock, valued at approximately $11,634,597.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $63.39, for a total value of $126,780.00. Following the completion of the transaction, the insider now directly owns 198,340 shares of the company’s stock, valued at approximately $12,572,772.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 557,916 shares of company stock valued at $32,644,046. Insiders own 20.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Qualys by 7.3% in the 2nd quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock valued at $147,317,000 after acquiring an additional 245,550 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in Qualys by 23.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock valued at $145,164,000 after acquiring an additional 538,305 shares in the last quarter. Vanguard Group Inc. raised its holdings in Qualys by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock valued at $64,857,000 after acquiring an additional 45,421 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Qualys by 11.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock valued at $41,738,000 after acquiring an additional 105,100 shares in the last quarter. Finally, ETF Managers Group LLC acquired a new position in Qualys in the 2nd quarter valued at approximately $41,523,000. 75.34% of the stock is owned by hedge funds and other institutional investors.

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Qualys Company Profile

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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