Qualys, Inc. (NASDAQ:QLYS) has received an average recommendation of “Hold” from the eighteen research firms that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $54.36.
QLYS has been the subject of several analyst reports. Monness Crespi & Hardt started coverage on shares of Qualys in a research report on Monday, July 10th. They set a “neutral” rating for the company. BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, July 20th. Morgan Stanley restated an “overweight” rating and set a $50.00 price objective (up previously from $45.00) on shares of Qualys in a report on Thursday, July 20th. Finally, Northland Securities set a $48.00 price target on shares of Qualys and gave the company a “buy” rating in a research note on Saturday, July 22nd.
Shares of Qualys (NASDAQ:QLYS) traded up $0.10 during trading hours on Friday, hitting $57.35. 374,398 shares of the stock traded hands, compared to its average volume of 328,089. Qualys has a 12 month low of $30.60 and a 12 month high of $57.75. The firm has a market cap of $2,151.89, a PE ratio of 52.14, a price-to-earnings-growth ratio of 6.08 and a beta of 0.84.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The company had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. During the same quarter in the previous year, the company earned $0.22 EPS. Qualys’s revenue was up 16.7% on a year-over-year basis. equities research analysts predict that Qualys will post 0.65 EPS for the current fiscal year.
In related news, Director Jeffrey P. Hank sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $46.10, for a total value of $115,250.00. Following the transaction, the director now directly owns 8,655 shares in the company, valued at $398,995.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.02, for a total transaction of $90,040.00. Following the completion of the transaction, the vice president now owns 79,221 shares in the company, valued at $3,566,529.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,214 shares of company stock worth $4,973,589. Corporate insiders own 30.20% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Qualys by 7.3% in the second quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock valued at $147,317,000 after acquiring an additional 245,550 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Qualys by 2.6% during the second quarter. Neuberger Berman Group LLC now owns 2,264,080 shares of the software maker’s stock worth $92,374,000 after purchasing an additional 57,088 shares during the period. Vanguard Group Inc. lifted its position in Qualys by 2.9% during the second quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after purchasing an additional 45,421 shares during the period. Renaissance Technologies LLC lifted its position in Qualys by 11.5% during the second quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock worth $41,738,000 after purchasing an additional 105,100 shares during the period. Finally, ETF Managers Group LLC bought a new stake in Qualys during the second quarter worth about $41,523,000. Institutional investors and hedge funds own 73.47% of the company’s stock.
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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