Robert W. Baird reissued their hold rating on shares of Qualys (NASDAQ:QLYS) in a research report sent to investors on Wednesday. Robert W. Baird currently has a $80.00 price target on the software maker’s stock.
“We maintain our Neutral rating and $80 price target. Qualys reported solid 3Q18 results supported by strong traction with the cloud agent and an uptick in contribution from new products. We see the ease of use, frictionless management and low cost of consuming incremental applications from the Qualys Platform as driving greater strategic value over time. We are positive on the fundamentals but view the stock as fairly valued at current levels.”,” Robert W. Baird’s analyst commented.
A number of other research analysts have also recently issued reports on the stock. Monness Crespi & Hardt dropped their target price on shares of Qualys from $100.00 to $95.00 and set a buy rating for the company in a report on Monday. Morgan Stanley set a $81.00 price objective on shares of Qualys and gave the stock a hold rating in a research note on Friday, October 19th. Wedbush assumed coverage on shares of Qualys in a research note on Thursday, October 18th. They set an outperform rating and a $95.00 price objective for the company. BidaskClub cut shares of Qualys from a hold rating to a sell rating in a research note on Thursday, October 11th. Finally, First Analysis set a $112.00 price objective on shares of Qualys and gave the stock a buy rating in a research note on Monday, September 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $86.27.
Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, October 30th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.11. Qualys had a net margin of 17.10% and a return on equity of 14.33%. The company had revenue of $71.70 million during the quarter, compared to analysts’ expectations of $71.22 million. During the same period last year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, research analysts predict that Qualys will post 0.85 earnings per share for the current fiscal year.
In related news, CEO Philippe F. Courtot sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $88.07, for a total transaction of $1,761,400.00. Following the sale, the chief executive officer now owns 5,458,092 shares in the company, valued at $480,694,162.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Philippe F. Courtot sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $87.92, for a total transaction of $5,275,200.00. Following the sale, the chairman now owns 5,458,092 shares in the company, valued at approximately $479,875,448.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,641 shares of company stock valued at $23,858,332. Corporate insiders own 18.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its position in Qualys by 17.3% during the third quarter. US Bancorp DE now owns 32,809 shares of the software maker’s stock worth $2,923,000 after acquiring an additional 4,831 shares during the last quarter. Shaker Investments LLC OH acquired a new stake in Qualys during the third quarter worth approximately $1,085,000. Arizona State Retirement System boosted its position in Qualys by 2.1% during the third quarter. Arizona State Retirement System now owns 48,652 shares of the software maker’s stock worth $4,335,000 after acquiring an additional 1,004 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Qualys during the third quarter worth approximately $222,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in Qualys during the third quarter worth approximately $212,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.
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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