Qualys (NASDAQ:QLYS) Lifted to “Buy” at BidaskClub

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BidaskClub upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research report sent to investors on Thursday, BidAskClub reports.

QLYS has been the subject of several other reports. Royal Bank of Canada upped their price objective on Qualys to $90.00 and gave the stock a sector perform rating in a research report on Thursday, May 2nd. Northland Securities reaffirmed a buy rating and set a $100.00 price objective on shares of Qualys in a research report on Thursday, May 2nd. Morgan Stanley set a $91.00 price objective on Qualys and gave the stock a hold rating in a research report on Thursday, May 2nd. Zacks Investment Research cut Qualys from a buy rating to a hold rating in a research report on Thursday, July 25th. Finally, JMP Securities upped their price objective on Qualys from $85.00 to $100.00 and gave the stock a market outperform rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $95.06.

QLYS opened at $84.30 on Thursday. Qualys has a 12 month low of $65.93 and a 12 month high of $97.12. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 55.63 and a beta of 1.33. The business has a fifty day moving average price of $86.86 and a 200 day moving average price of $86.13.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $78.93 million during the quarter, compared to analysts’ expectations of $78.54 million. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. As a group, equities research analysts anticipate that Qualys will post 1.42 EPS for the current year.

In other Qualys news, CFO Melissa B. Fisher sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $85.05, for a total transaction of $127,575.00. Following the completion of the sale, the chief financial officer now directly owns 150,629 shares of the company’s stock, valued at approximately $12,810,996.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey P. Hank sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $107,042.00. Following the sale, the director now directly owns 10,114 shares of the company’s stock, valued at $832,786.76. The disclosure for this sale can be found here. Insiders sold a total of 24,445 shares of company stock valued at $2,102,022 over the last three months. Company insiders own 17.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Qualys by 6.9% during the 2nd quarter. Royal Bank of Canada now owns 45,161 shares of the software maker’s stock valued at $3,933,000 after acquiring an additional 2,896 shares during the last quarter. DF Dent & Co. Inc. raised its stake in Qualys by 1.5% during the 2nd quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock valued at $54,611,000 after acquiring an additional 9,072 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Qualys during the 2nd quarter valued at approximately $16,375,000. UBS Asset Management Americas Inc. raised its stake in Qualys by 14.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,722 shares of the software maker’s stock valued at $2,414,000 after acquiring an additional 3,513 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in Qualys by 169.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 16,686 shares of the software maker’s stock valued at $1,453,000 after acquiring an additional 10,497 shares during the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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