Zacks Investment Research upgraded shares of Qualys, Inc. (NASDAQ:QLYS) from a hold rating to a buy rating in a research note released on Saturday, November 4th. They currently have $64.00 price objective 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. “
QLYS has been the subject of several other research reports. Morgan Stanley reaffirmed an overweight rating and issued a $50.00 price target (up previously from $45.00) on shares of Qualys in a report on Thursday, July 20th. J P Morgan Chase & Co upped their price objective on Qualys from $55.00 to $70.00 and gave the company an overweight rating in a research note on Wednesday, November 1st. Stifel Nicolaus restated a hold rating and set a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd. Wells Fargo & Company set a $52.00 price target on Qualys and gave the stock a hold rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $54.36.
Qualys (NASDAQ QLYS) opened at $58.05 on Friday. The company has a market capitalization of $2,184.17, a PE ratio of 52.36, a price-to-earnings-growth ratio of 5.19 and a beta of 0.84. Qualys has a 52 week low of $30.60 and a 52 week high of $58.80.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The company had revenue of $59.49 million during the quarter, compared to the consensus estimate of $58.59 million. During the same quarter in the prior year, the company posted $0.22 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. sell-side analysts forecast that Qualys will post 0.65 earnings per share for the current fiscal year.
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In other Qualys news, Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $57.78, for a total value of $2,311,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Philippe F. Courtot sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $56.01, for a total transaction of $1,120,200.00. Following the completion of the sale, the chairman now directly owns 5,544,435 shares of the company’s stock, valued at $310,543,804.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 222,694 shares of company stock worth $12,469,033. Insiders own 30.20% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Pinebridge Investments L.P. grew its stake in Qualys by 2.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after acquiring an additional 110 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in Qualys by 2.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock worth $251,000 after purchasing an additional 170 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Qualys by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock worth $498,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System boosted its stake in Qualys by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock worth $636,000 after purchasing an additional 300 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Qualys by 17.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after purchasing an additional 408 shares during the last quarter. Institutional investors own 72.80% of the company’s stock.
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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