Qualys (QLYS) Shares Up 0% on Analyst Upgrade

Qualys Inc (NASDAQ:QLYS) shot up 0% on Wednesday after Royal Bank of Canada raised their price target on the stock to $65.00. Royal Bank of Canada currently has a market perform rating on the stock. Qualys traded as high as $67.95 and last traded at $67.30. 892,900 shares traded hands during trading, an increase of 276% from the average session volume of 237,232 shares. The stock had previously closed at $67.30.

Several other equities research analysts have also recently weighed in on QLYS. Wells Fargo & Co set a $62.00 price target on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday. Northland Securities set a $70.00 price target on shares of Qualys and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price target on shares of Qualys in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Qualys from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley set a $65.00 price target on shares of Qualys and gave the company a “hold” rating in a research report on Tuesday. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.83.

In other news, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $58.52, for a total value of $2,340,800.00. Following the completion of the sale, the chairman now directly owns 5,564,435 shares of the company’s stock, valued at approximately $325,630,736.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 9,801 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $58.70, for a total transaction of $575,318.70. Following the completion of the sale, the insider now directly owns 192,280 shares of the company’s stock, valued at $11,286,836. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 251,280 shares of company stock valued at $15,095,176. Corporate insiders own 20.90% of the company’s stock.

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new stake in shares of Qualys in the 3rd quarter worth about $101,000. Ameritas Investment Partners Inc. increased its stake in shares of Qualys by 17.4% in 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. Advisory Services Network LLC bought a new position in shares of Qualys in the 4th quarter worth about $118,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Qualys by 125.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,516 shares of the software maker’s stock worth $150,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Qualys in the 4th quarter worth about $154,000. 75.21% of the stock is owned by hedge funds and other institutional investors.

The stock has a market cap of $2,373.76, a P/E ratio of 66.62, a PEG ratio of 5.02 and a beta of 1.02.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $62.90 million during the quarter, compared to analyst estimates of $61.96 million. Qualys had a net margin of 17.52% and a return on equity of 17.20%. Qualys’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. research analysts anticipate that Qualys Inc will post 0.73 EPS for the current year.

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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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