Qualys Inc (QLYS) Given Average Rating of “Buy” by Analysts

Share on StockTwits

Shares of Qualys Inc (NASDAQ:QLYS) have been given an average rating of “Buy” by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $86.77.

A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus upped their price objective on shares of Qualys from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, June 15th. Zacks Investment Research upgraded shares of Qualys from a “strong sell” rating to a “strong-buy” rating and set a $99.00 price objective for the company in a report on Wednesday, July 4th. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Finally, Monness Crespi & Hardt upgraded shares of Qualys from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, June 11th.

Shares of Qualys stock traded up $0.85 on Friday, hitting $90.55. 417,392 shares of the company traded hands, compared to its average volume of 324,005. Qualys has a 12-month low of $48.55 and a 12-month high of $98.30. The stock has a market cap of $3.46 billion, a P/E ratio of 98.72, a P/E/G ratio of 13.04 and a beta of 1.13.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The business had revenue of $68.15 million for the quarter, compared to analysts’ expectations of $67.13 million. research analysts anticipate that Qualys will post 0.85 earnings per share for the current year.

In other Qualys news, Chairman Philippe F. Courtot sold 31,927 shares of the business’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $85.31, for a total transaction of $2,723,692.37. Following the completion of the transaction, the chairman now owns 5,458,092 shares of the company’s stock, valued at approximately $465,629,828.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $86.84, for a total transaction of $130,260.00. Following the transaction, the chief financial officer now directly owns 121,330 shares of the company’s stock, valued at approximately $10,536,297.20. The disclosure for this sale can be found here. Insiders sold 275,991 shares of company stock valued at $23,943,280 over the last quarter. 18.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Meritage Portfolio Management lifted its position in Qualys by 0.5% during the 2nd quarter. Meritage Portfolio Management now owns 108,400 shares of the software maker’s stock worth $9,138,000 after acquiring an additional 529 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Qualys by 6.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 10,862 shares of the software maker’s stock worth $916,000 after acquiring an additional 678 shares during the last quarter. Piedmont Investment Advisors LLC lifted its position in Qualys by 10.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 7,648 shares of the software maker’s stock worth $645,000 after acquiring an additional 713 shares during the last quarter. Mason Street Advisors LLC lifted its position in Qualys by 8.6% during the 1st quarter. Mason Street Advisors LLC now owns 9,001 shares of the software maker’s stock worth $655,000 after acquiring an additional 716 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its position in Qualys by 10.2% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 7,991 shares of the software maker’s stock worth $581,000 after acquiring an additional 742 shares during the last quarter. 82.13% 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.

Featured Article: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply