Qualys (QLYS) Given a $65.00 Price Target at Morgan Stanley

Qualys (NASDAQ:QLYS) has been given a $65.00 target price by Morgan Stanley in a report released on Tuesday. The firm currently has a “hold” rating on the software maker’s stock. Morgan Stanley’s price objective points to a potential upside of 3.83% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Saturday, November 4th. Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday, November 1st. Needham & Company LLC started coverage on Qualys in a research report on Monday, October 23rd. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Northland Securities set a $48.00 price objective on Qualys and gave the company a “buy” rating in a research report on Wednesday, October 18th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.33.

Qualys (NASDAQ:QLYS) traded up $2.70 on Tuesday, reaching $62.60. The company’s stock had a trading volume of 797,600 shares, compared to its average volume of 207,727. The company has a market cap of $2,271.38, a price-to-earnings ratio of 56.91, a price-to-earnings-growth ratio of 4.80 and a beta of 1.02. Qualys has a fifty-two week low of $33.75 and a fifty-two week high of $65.88.

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

In other news, insider Sumedh S. Thakar sold 9,801 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $58.70, for a total transaction of $575,318.70. Following the transaction, the insider now directly owns 192,280 shares of the company’s stock, valued at approximately $11,286,836. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $58.40, for a total value of $116,800.00. Following the transaction, the vice president now directly owns 66,644 shares in the company, valued at $3,892,009.60. The disclosure for this sale can be found here. Insiders have sold a total of 375,023 shares of company stock worth $22,284,431 over the last three months. Insiders own 20.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC raised its holdings in Qualys by 62.8% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after purchasing an additional 4,100 shares during the period. State Street Corp raised its holdings in Qualys by 12.9% in the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after purchasing an additional 82,251 shares during the period. Prudential Financial Inc. raised its holdings in Qualys by 3.8% in the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after purchasing an additional 1,920 shares during the period. Legal & General Group Plc raised its holdings in Qualys by 9.9% in the 3rd quarter. Legal & General Group Plc now owns 63,344 shares of the software maker’s stock worth $3,282,000 after purchasing an additional 5,680 shares during the period. Finally, James Investment Research Inc. bought a new position in Qualys in the 4th quarter worth $1,769,000. 75.21% of the stock is currently 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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