Qualys (QLYS) Lowered to “Hold” at Berenberg Bank

Qualys (NASDAQ:QLYS) was downgraded by analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a research report issued on Friday, The Fly reports.

A number of other research firms also recently weighed in on QLYS. BidaskClub raised Qualys from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $84.00 price objective on the stock in a report on Wednesday, November 7th. JMP Securities raised Qualys from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Morgan Stanley decreased their price objective on Qualys from $81.00 to $80.00 and set a “hold” rating on the stock in a report on Wednesday, October 31st. Finally, Monness Crespi & Hardt decreased their price objective on Qualys from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, October 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.87.

NASDAQ QLYS opened at $84.34 on Friday. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 70.87 and a beta of 1.55. Qualys has a 1-year low of $65.93 and a 1-year high of $98.30.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, February 12th. The software maker reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.26. The company had revenue of $74.20 million for the quarter, compared to the consensus estimate of $74.14 million. Qualys had a return on equity of 14.35% and a net margin of 20.55%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share. Equities research analysts predict that Qualys will post 1.25 EPS for the current fiscal year.

In other news, VP Bruce K. Posey sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $76.38, for a total value of $152,760.00. Following the transaction, the vice president now directly owns 59,442 shares of the company’s stock, valued at approximately $4,540,179.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $74.35, for a total value of $111,525.00. Following the completion of the transaction, the chief financial officer now directly owns 159,001 shares in the company, valued at $11,821,724.35. The disclosure for this sale can be found here. Insiders sold a total of 33,649 shares of company stock worth $2,911,258 over the last three months. 18.60% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of QLYS. Advisors Asset Management Inc. raised its position in Qualys by 342.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,488 shares of the software maker’s stock worth $1,727,000 after purchasing an additional 15,856 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Qualys by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock valued at $33,803,000 after acquiring an additional 17,857 shares during the last quarter. First Trust Advisors LP raised its position in shares of Qualys by 6.0% during the 3rd quarter. First Trust Advisors LP now owns 329,340 shares of the software maker’s stock valued at $29,344,000 after acquiring an additional 18,656 shares during the last quarter. Congress Asset Management Co. MA increased its position in shares of Qualys by 4.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 882,084 shares of the software maker’s stock valued at $78,594,000 after buying an additional 41,132 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Qualys by 28.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,489 shares of the software maker’s stock valued at $2,092,000 after buying an additional 5,247 shares in the last quarter. Hedge funds and other institutional investors own 82.35% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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