Qualys (QLYS) Given Hold Rating at Stifel Nicolaus

Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a note issued to investors on Tuesday. They currently have a $67.00 target price on the software maker’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.03% from the stock’s previous close.

QLYS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Saturday, November 4th. Northland Securities set a $48.00 price target on shares of Qualys and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Wells Fargo & Co set a $52.00 price target on shares of Qualys and gave the stock a “hold” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. cut shares of 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. Finally, Needham & Company LLC assumed coverage on shares of Qualys in a research note on Monday, October 23rd. They issued a “buy” rating and a $65.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Qualys presently has a consensus rating of “Hold” and a consensus target price of $59.33.

Shares of Qualys (NASDAQ QLYS) traded up $2.70 on Tuesday, reaching $62.60. 797,600 shares of the company’s stock were exchanged, compared to its average volume of 235,536. The company has a market capitalization of $2,271.38, a PE ratio of 56.91, a price-to-earnings-growth ratio of 4.80 and a beta of 1.02. Qualys has a 1 year low of $33.75 and a 1 year high of $67.95.

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

In other news, insider Sumedh S. Thakar sold 2,000 shares of Qualys 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 owns 198,340 shares in the company, valued at $12,572,772.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sumedh S. Thakar sold 9,801 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $58.70, for a total transaction of $575,318.70. Following the completion of the sale, the insider now directly owns 192,280 shares of the company’s stock, valued at approximately $11,286,836. The disclosure for this sale can be found here. Insiders sold 375,023 shares of company stock valued at $22,284,431 in the last quarter. 20.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new stake in shares of Qualys in the third quarter valued at approximately $101,000. Ameritas Investment Partners Inc. increased its holdings in shares of Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after purchasing an additional 408 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $118,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Qualys in the fourth quarter valued at approximately $154,000. Finally, Thompson Davis & CO. Inc. increased its holdings in shares of Qualys by 1,100.0% in the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after purchasing an additional 2,750 shares in the last quarter. 75.21% of the stock is 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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