Qualys, Inc. (NASDAQ:QLYS) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Qualys, Inc. (NASDAQ:QLYS) from a hold rating to a buy rating in a research report 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. “

Other analysts have also recently issued reports about the company. BidaskClub cut Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Northland Securities set a $48.00 target price on shares of Qualys and gave the company a buy rating in a report on Saturday, July 22nd. Needham & Company LLC began coverage on shares of Qualys in a report on Monday, October 23rd. They set a buy rating and a $65.00 target price for the company. Summit Redstone upgraded shares of Qualys from a hold rating to a buy rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. Finally, Morgan Stanley lowered shares of Qualys from an overweight rating to an equal weight rating and set a $51.00 target price for the company. in a report on Tuesday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Qualys currently has an average rating of Hold and a consensus price target of $54.36.

Qualys (NASDAQ QLYS) traded down $0.60 during trading on Friday, reaching $60.55. The company’s stock had a trading volume of 390,200 shares, compared to its average volume of 291,440. The company has a market cap of $2,318.78, a PE ratio of 55.59, a price-to-earnings-growth ratio of 5.51 and a beta of 0.84. Qualys has a fifty-two week low of $30.60 and a fifty-two week high of $61.40.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The business had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a return on equity of 10.70% and a net margin of 14.21%. The business’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. research analysts forecast that Qualys will post 0.65 earnings per share for the current fiscal year.

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In related news, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the transaction, the vice president now directly owns 79,221 shares in the company, valued at approximately $3,791,517.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Philippe F. Courtot sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $56.74, for a total transaction of $1,134,800.00. Following the completion of the transaction, the chief executive officer now owns 5,564,435 shares of the company’s stock, valued at $315,726,041.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,437 shares of company stock valued at $24,421,888. 30.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in Qualys during the 3rd quarter valued at $101,000. SG Americas Securities LLC purchased a new stake in Qualys during the 2nd quarter valued at $103,000. Ameritas Investment Partners Inc. raised 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 valued at $112,000 after buying an additional 408 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in Qualys by 1,100.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after buying an additional 2,750 shares during the last quarter. Finally, Pinebridge Investments L.P. raised its stake in Qualys by 2.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after buying an additional 110 shares during the last quarter. Institutional investors own 73.50% of the company’s stock.

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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