Qualys (QLYS) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research note released on Thursday morning.

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 a number of other reports. Morgan Stanley cut 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. Northland Securities set a $48.00 target price on Qualys and gave the company a buy rating in a report on Wednesday, October 18th. Wells Fargo & Co set a $52.00 target price on Qualys and gave the company a hold rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. cut Qualys from an overweight rating to a neutral rating and set a $65.00 target price for the company. in a report on Tuesday, December 12th. Finally, Needham & Company LLC restated a buy rating and set a $70.00 target price (up from $65.00) on shares of Qualys in a report on Wednesday, November 1st. Twelve analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Qualys presently has a consensus rating of Hold and a consensus target price of $54.85.

Qualys (NASDAQ QLYS) traded up $1.05 during midday trading on Thursday, hitting $64.20. The stock had a trading volume of 219,911 shares, compared to its average volume of 227,320. The stock has a market cap of $2,394.62, a PE ratio of 58.36, a PEG ratio of 5.07 and a beta of 0.88. Qualys has a fifty-two week low of $32.40 and a fifty-two week high of $64.40.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. During the same period in the prior year, the business posted $0.22 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. equities analysts forecast that Qualys will post 0.65 earnings per share for the current fiscal year.

In other news, CEO Philippe F. Courtot sold 20,000 shares of Qualys stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.74, for a total value of $1,134,800.00. Following the completion of the transaction, the chief executive officer now owns 5,564,435 shares in the company, valued at approximately $315,726,041.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amer Deeba sold 12,000 shares of Qualys stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.15, for a total value of $661,800.00. Following the completion of the transaction, the vice president now owns 77,777 shares of the company’s stock, valued at approximately $4,289,401.55. The disclosure for this sale can be found here. Insiders sold a total of 555,916 shares of company stock valued at $32,517,266 in the last quarter. Company insiders own 20.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in QLYS. Pinebridge Investments L.P. raised its position in shares of Qualys by 2.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after acquiring an additional 110 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of 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 acquiring an additional 408 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Qualys by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,526 shares of the software maker’s stock worth $185,000 after acquiring an additional 679 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Qualys by 1.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 62,942 shares of the software maker’s stock worth $2,569,000 after acquiring an additional 826 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Qualys by 32.5% during the 3rd quarter. LS Investment Advisors LLC now owns 4,471 shares of the software maker’s stock worth $232,000 after acquiring an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 75.34% of the company’s stock.

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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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