Qualys, Inc. (NASDAQ:QLYS) Given a $42.00 Price Target by Robert W. Baird Analysts

Qualys, Inc. (NASDAQ:QLYS) has been assigned a $42.00 price objective by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Sunday, July 30th. The brokerage presently has a “hold” rating on the software maker’s stock. Robert W. Baird’s price objective indicates a potential downside of 6.56% from the company’s current price.

QLYS has been the subject of several other reports. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Wednesday, July 5th. Morgan Stanley reiterated an “overweight” rating and set a $50.00 price objective (up from $45.00) on shares of Qualys in a research note on Thursday, July 20th. BidaskClub downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Northland Securities set a $48.00 target price on shares of Qualys and gave the stock a “buy” rating in a report on Saturday, July 22nd. Finally, Susquehanna Bancshares Inc began coverage on shares of Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $45.25.

Qualys (NASDAQ QLYS) traded up 0.78% during trading on Friday, hitting $44.95. The stock had a trading volume of 133,127 shares. The company’s 50 day moving average is $42.77 and its 200 day moving average is $39.41. The firm has a market cap of $1.69 billion, a PE ratio of 43.98 and a beta of 0.93. Qualys has a 52-week low of $30.61 and a 52-week high of $47.50.

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

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In other news, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.51, for a total value of $85,020.00. Following the completion of the sale, the vice president now directly owns 81,353 shares of the company’s stock, valued at $3,458,316.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 1,800 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $40.67, for a total transaction of $73,206.00. Following the completion of the sale, the insider now directly owns 138,631 shares of the company’s stock, valued at $5,638,122.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,508 shares of company stock valued at $2,137,306. Insiders own 30.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in QLYS. SG Americas Securities LLC purchased a new position in Qualys during the second quarter worth approximately $103,000. Ameritas Investment Partners Inc. increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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.

Qualys Company Profile

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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