Zacks Investment Research upgraded shares of Qualys, Inc. (NASDAQ:QLYS) from a hold rating to a buy rating in a research note issued to investors on Saturday, November 4th. The brokerage currently has $64.00 target price on the software maker’s stock.
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. “
Other research analysts also recently issued research reports about the company. BidaskClub downgraded Qualys from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Monness Crespi & Hardt initiated coverage on Qualys in a research note on Monday, July 10th. They issued a neutral rating on the stock. Summit Redstone upgraded Qualys from a hold rating to a buy rating and set a $65.00 target price on the stock in a research note on Wednesday, November 1st. Northland Securities set a $48.00 price target on Qualys and gave the company a buy rating in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada reissued a hold rating and issued a $45.00 price target on shares of Qualys in a report on Monday, July 31st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $54.36.
Qualys (NASDAQ:QLYS) traded down $0.05 during mid-day trading on Friday, reaching $58.00. The company’s stock had a trading volume of 235,800 shares, compared to its average volume of 289,927. The firm has a market cap of $2,201.23, a price-to-earnings ratio of 52.77, a P/E/G ratio of 5.23 and a beta of 0.84. Qualys has a 52 week low of $30.60 and a 52 week high of $58.40.
Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $58.59 million. During the same quarter last year, the company earned $0.22 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. research analysts anticipate that Qualys will post 0.65 EPS for the current year.
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In other Qualys news, insider Sumedh S. Thakar sold 7,694 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $56.33, for a total transaction of $433,403.02. Following the sale, the insider now owns 192,130 shares in the company, valued at $10,822,682.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $47.86, for a total value of $95,720.00. Following the sale, the vice president now owns 79,221 shares in the company, valued at approximately $3,791,517.06. The disclosure for this sale can be found here. Insiders sold 182,694 shares of company stock valued at $10,157,833 in the last ninety days. Company insiders own 30.20% of the company’s stock.
Several large investors have recently bought and sold shares of QLYS. Parametric Portfolio Associates LLC grew its holdings in shares of Qualys by 36.3% during the first quarter. Parametric Portfolio Associates LLC now owns 11,083 shares of the software maker’s stock valued at $420,000 after purchasing an additional 2,949 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Qualys by 2.6% during the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after purchasing an additional 170 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Qualys by 5.6% during the first quarter. Principal Financial Group Inc. now owns 223,848 shares of the software maker’s stock valued at $8,484,000 after purchasing an additional 11,831 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Qualys by 3.2% during the first quarter. Teachers Advisors LLC now owns 74,712 shares of the software maker’s stock valued at $2,832,000 after purchasing an additional 2,287 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Qualys by 2.7% in the 1st quarter. Legal & General Group Plc now owns 48,379 shares of the software maker’s stock worth $1,832,000 after buying an additional 1,290 shares in the last quarter. 72.80% of the stock is owned by 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 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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