Qualys Inc (NASDAQ:QLYS) was upgraded by equities research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday.
Several other equities analysts have also recently weighed in on the stock. First Analysis cut shares of Qualys from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $42.00 to $37.00 in a research note on Thursday, February 9th. Wells Fargo & Co initiated coverage on shares of Qualys in a research note on Wednesday, January 11th. They issued a “market perform” rating on the stock. Robert W. Baird reiterated a “hold” rating on shares of Qualys in a research note on Tuesday, February 21st. Zacks Investment Research cut shares of Qualys from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Finally, Northland Securities initiated coverage on shares of Qualys in a research note on Wednesday, January 25th. They issued an “outperform” rating and a $42.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. Qualys currently has an average rating of “Hold” and a consensus price target of $37.18.
Shares of Qualys (NASDAQ:QLYS) opened at 34.80 on Tuesday. Qualys has a 12 month low of $23.77 and a 12 month high of $39.67. The firm’s 50-day moving average is $35.46 and its 200 day moving average is $35.28. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 69.60 and a beta of 0.99.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, February 8th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Qualys had a net margin of 9.71% and a return on equity of 8.40%. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $52.63 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Qualys will post $0.85 EPS for the current year.
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In related news, insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $32.98, for a total value of $52,768.00. Following the completion of the transaction, the insider now directly owns 53,619 shares of the company’s stock, valued at $1,768,354.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $34.63, for a total transaction of $1,385,200.00. Following the completion of the transaction, the chairman now directly owns 5,577,542 shares of the company’s stock, valued at $193,150,279.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 495,693 shares of company stock valued at $17,360,103. Insiders own 30.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Columbia Wanger Asset Management LLC raised its position in Qualys by 270.5% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 1,283,428 shares of the company’s stock worth $40,620,000 after buying an additional 936,998 shares during the period. Neuberger Berman Group LLC raised its position in Qualys by 91.2% in the third quarter. Neuberger Berman Group LLC now owns 1,075,734 shares of the company’s stock worth $41,082,000 after buying an additional 513,092 shares during the period. BlackRock Fund Advisors raised its position in Qualys by 20.1% in the third quarter. BlackRock Fund Advisors now owns 1,940,352 shares of the company’s stock worth $74,102,000 after buying an additional 324,201 shares during the period. Norges Bank acquired a new position in Qualys during the fourth quarter worth $8,725,000. Finally, Summit Creek Advisors LLC acquired a new position in Qualys during the third quarter worth $9,188,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
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 QualysGuard 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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