Zacks Investment Research Upgrades Qualys, Inc. (QLYS) to Buy

Qualys, Inc. (NASDAQ:QLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, July 20th. The firm currently has a $47.00 target price on the software maker’s stock. Zacks Investment Research‘s target price indicates a potential upside of 3.30% from the company’s previous close.

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. “

Several other research analysts have also commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 price target (up previously from $39.00) on shares of Qualys in a research report on Tuesday, May 23rd. BidaskClub upgraded Qualys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Monness Crespi & Hardt assumed coverage on Qualys in a research report on Monday, July 10th. They set a “neutral” rating for the company. Imperial Capital boosted their target price on Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Finally, Morgan Stanley assumed coverage on Qualys in a research report on Thursday, March 30th. They set an “overweight” rating and a $43.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.25.

Qualys (NASDAQ QLYS) traded up 1.00% during trading on Thursday, hitting $45.50. The stock had a trading volume of 186,611 shares. Qualys has a 52 week low of $30.61 and a 52 week high of $47.50. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 44.52 and a beta of 0.93. The company has a 50-day moving average of $42.43 and a 200 day moving average of $39.27.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The firm had revenue of $55.30 million during the quarter, compared to analyst estimates of $54.87 million. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. On average, equities research analysts anticipate that Qualys will post $0.90 EPS for the current year.

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In other news, Director Todd P. Headley sold 4,714 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $45.25, for a total transaction of $213,308.50. Following the sale, the director now directly owns 14,410 shares of the company’s stock, valued at $652,052.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $42.51, for a total transaction of $85,020.00. Following the sale, the vice president now directly owns 81,353 shares in the company, valued at $3,458,316.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,508 shares of company stock worth $2,137,306. Insiders own 30.20% of the company’s stock.

A number of large investors have recently bought and sold shares of QLYS. SG Americas Securities LLC acquired a new stake in Qualys during the second quarter valued at approximately $103,000. Ameritas Investment Partners Inc. raised its stake in 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 buying an additional 408 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after buying an additional 150 shares during the last quarter. LS Investment Advisors LLC raised its stake in Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock valued at $129,000 after buying an additional 2,360 shares during the last quarter. Finally, US Bancorp DE raised its stake in Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after buying an additional 3,061 shares during the last quarter. 70.63% of the stock is currently owned by institutional investors.

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.

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