Qualys Inc (QLYS) Given Consensus Rating of “Hold” by Brokerages

Qualys Inc (NASDAQ:QLYS) has earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $58.27.

Several equities research analysts have issued reports on the company. Morgan Stanley set a $65.00 price target on Qualys and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $62.00 target price on Qualys and gave the stock a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Qualys from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday. Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd.

In other Qualys news, Director Donald R. Dixon sold 91,479 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.89, for a total value of $5,478,677.31. Following the completion of the transaction, the director now owns 114,064 shares in the company, valued at approximately $6,831,292.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $57.99, for a total value of $2,319,600.00. Following the completion of the transaction, the chairman now owns 5,564,435 shares of the company’s stock, valued at approximately $322,681,585.65. The disclosure for this sale can be found here. Insiders have sold 375,023 shares of company stock worth $22,284,431 over the last ninety days. 20.90% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in QLYS. Alliancebernstein L.P. grew its stake in Qualys by 24.8% in the 2nd quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock valued at $2,071,000 after purchasing an additional 10,083 shares during the period. Teachers Advisors LLC lifted its position in shares of Qualys by 14.3% during the 2nd quarter. Teachers Advisors LLC now owns 85,411 shares of the software maker’s stock valued at $3,485,000 after buying an additional 10,699 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Qualys by 19.1% during the 2nd quarter. New York State Common Retirement Fund now owns 33,600 shares of the software maker’s stock valued at $1,371,000 after buying an additional 5,399 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Qualys by 1,661.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,402 shares of the software maker’s stock valued at $506,000 after buying an additional 11,698 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Qualys by 7.8% during the 2nd quarter. Northern Trust Corp now owns 466,544 shares of the software maker’s stock valued at $19,034,000 after buying an additional 33,875 shares during the last quarter. Hedge funds and other institutional investors own 75.21% of the company’s stock.

Shares of Qualys (NASDAQ QLYS) traded up $2.70 during trading on Tuesday, reaching $62.60. The company’s stock had a trading volume of 797,600 shares, compared to its average volume of 221,276. Qualys has a fifty-two week low of $33.75 and a fifty-two week high of $66.20. The firm has a market cap of $2,271.38, a P/E ratio of 56.91, a price-to-earnings-growth ratio of 4.80 and a beta of 1.02.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business had revenue of $62.90 million during the quarter, compared to the consensus estimate of $61.96 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 20.5% on a year-over-year basis. analysts expect that Qualys will post 0.65 earnings per share for the current fiscal year.

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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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