Qualys (QLYS) Stock Rating Lowered by BTIG Research

Qualys (NASDAQ:QLYS) was downgraded by research analysts at BTIG Research from a “buy” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

QLYS has been the topic of several other research reports. BidaskClub upgraded Qualys from a “hold” rating to a “buy” rating in a report on Saturday, December 15th. Zacks Investment Research downgraded Qualys from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Robert W. Baird reaffirmed a “neutral” rating on shares of Qualys in a research report on Thursday, October 18th. Wedbush reaffirmed a “buy” rating and set a $95.00 price objective on shares of Qualys in a research report on Friday, November 16th. Finally, Morgan Stanley set a $81.00 price objective on Qualys and gave the stock a “hold” rating in a research report on Friday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Qualys currently has a consensus rating of “Buy” and an average target price of $88.94.

Shares of NASDAQ QLYS opened at $96.41 on Wednesday. Qualys has a 1-year low of $61.70 and a 1-year high of $98.30. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 107.12 and a beta of 1.55.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, February 12th. The software maker reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.11. Qualys had a return on equity of 14.18% and a net margin of 17.10%. The company had revenue of $74.20 million for the quarter, compared to the consensus estimate of $74.14 million. During the same quarter in the prior year, the business earned $0.32 EPS. Qualys’s revenue was up 18.0% on a year-over-year basis. As a group, equities analysts expect that Qualys will post 1.07 earnings per share for the current year.

In related news, insider Sumedh S. Thakar sold 3,796 shares of the company’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $77.09, for a total value of $292,633.64. Following the completion of the sale, the insider now directly owns 218,081 shares of the company’s stock, valued at approximately $16,811,864.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Melissa B. Fisher sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $74.35, for a total value of $111,525.00. Following the sale, the chief financial officer now directly owns 159,001 shares of the company’s stock, valued at $11,821,724.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,649 shares of company stock valued at $2,911,258. Insiders own 18.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of QLYS. Bank of America Corp DE raised its stake in Qualys by 59.4% during the 2nd quarter. Bank of America Corp DE now owns 112,593 shares of the software maker’s stock valued at $9,492,000 after acquiring an additional 41,973 shares during the last quarter. California Public Employees Retirement System raised its stake in Qualys by 66.9% during the 2nd quarter. California Public Employees Retirement System now owns 51,647 shares of the software maker’s stock valued at $4,354,000 after acquiring an additional 20,706 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Qualys by 342.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 20,488 shares of the software maker’s stock valued at $1,727,000 after acquiring an additional 15,856 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Qualys by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock valued at $33,803,000 after acquiring an additional 17,857 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Qualys by 5.1% during the 2nd quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock valued at $38,086,000 after acquiring an additional 22,051 shares during the last quarter. 85.22% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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