Qualys (NASDAQ:QLYS) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a strong-buy rating in a research note published on Wednesday, Zacks.com reports. The firm currently has $97.00 price target on the software maker’s stock.

According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird set a $100.00 price objective on shares of Qualys and gave the company a hold rating in a research note on Sunday, September 15th. FBN Securities started coverage on shares of Qualys in a report on Monday, July 15th. They issued an outperform rating and a $100.00 target price on the stock. Northland Securities set a $100.00 target price on shares of Qualys and gave the company a buy rating in a report on Friday, September 13th. Stifel Nicolaus reduced their target price on shares of Qualys from $100.00 to $90.00 and set a hold rating on the stock in a report on Thursday, August 1st. Finally, Rosenblatt Securities restated a hold rating and issued a $85.00 target price on shares of Qualys in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Qualys presently has a consensus rating of Hold and an average target price of $94.56.

Qualys stock traded down $0.95 during trading hours on Wednesday, reaching $83.74. 391,400 shares of the stock were exchanged, compared to its average volume of 355,387. The stock has a market cap of $3.27 billion, a P/E ratio of 70.37 and a beta of 1.38. Qualys has a 52-week low of $65.93 and a 52-week high of $97.12. The firm’s 50 day moving average is $78.83 and its 200 day moving average is $84.11.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.13. The firm had revenue of $82.70 million for the quarter, compared to analysts’ expectations of $82.37 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Equities research analysts anticipate that Qualys will post 1.58 earnings per share for the current fiscal year.

In other news, CEO Philippe F. Courtot sold 96,806 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $85.35, for a total transaction of $8,262,392.10. Following the transaction, the chief executive officer now directly owns 5,505,273 shares in the company, valued at approximately $469,875,050.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey P. Hank sold 1,300 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $82.34, for a total transaction of $107,042.00. Following the transaction, the director now owns 10,114 shares in the company, valued at $832,786.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,142 shares of company stock worth $13,875,877. Insiders own 17.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SevenBridge Financial Group LLC purchased a new position in shares of Qualys during the 2nd quarter worth about $50,000. SRS Capital Advisors Inc. purchased a new position in shares of Qualys during the 2nd quarter worth about $58,000. Point72 Hong Kong Ltd purchased a new position in shares of Qualys during the 2nd quarter worth about $121,000. Captrust Financial Advisors lifted its holdings in shares of Qualys by 22.1% during the 2nd quarter. Captrust Financial Advisors now owns 2,085 shares of the software maker’s stock worth $182,000 after acquiring an additional 377 shares during the period. Finally, Holocene Advisors LP purchased a new position in Qualys in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 84.52% of the company’s stock.

About Qualys

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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