Qualys (QLYS) Downgraded to Buy at ValuEngine

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ValuEngine lowered shares of Qualys (NASDAQ:QLYS) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Qualys from a strong-buy rating to a buy rating in a research note on Tuesday, July 31st. Needham & Company LLC raised their price target on shares of Qualys from $95.00 to $105.00 and gave the stock a buy rating in a research note on Thursday, June 14th. Monness Crespi & Hardt upgraded shares of Qualys from a neutral rating to a buy rating and set a $94.00 price target for the company in a research note on Monday, June 11th. Morgan Stanley raised their price target on shares of Qualys from $81.00 to $82.00 and gave the stock an equal weight rating in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Qualys from $75.00 to $90.00 and gave the stock a hold rating in a research note on Friday, June 15th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $84.93.

Shares of QLYS opened at $90.55 on Tuesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 98.72, a price-to-earnings-growth ratio of 13.04 and a beta of 1.13. Qualys has a 12 month low of $48.55 and a 12 month high of $98.30.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $67.13 million. Qualys had a net margin of 12.04% and a return on equity of 12.70%. equities analysts expect that Qualys will post 0.85 EPS for the current year.

In other news, insider Sumedh S. Thakar sold 2,000 shares of Qualys stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $84.68, for a total value of $169,360.00. Following the completion of the transaction, the insider now owns 170,266 shares in the company, valued at $14,418,124.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Melissa B. Fisher sold 1,500 shares of Qualys stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $89.02, for a total transaction of $133,530.00. Following the completion of the transaction, the chief financial officer now owns 121,330 shares of the company’s stock, valued at approximately $10,800,796.60. The disclosure for this sale can be found here. Insiders sold 277,491 shares of company stock valued at $24,076,810 in the last quarter. 18.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of QLYS. Congress Asset Management Co. MA bought a new position in shares of Qualys in the second quarter valued at approximately $70,892,000. BlackRock Inc. raised its position in Qualys by 11.3% in the 2nd quarter. BlackRock Inc. now owns 4,625,019 shares of the software maker’s stock worth $389,891,000 after purchasing an additional 468,437 shares during the last quarter. Legal & General Group Plc raised its position in Qualys by 413.6% in the 1st quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock worth $23,867,000 after purchasing an additional 264,587 shares during the last quarter. Redwood Investments LLC bought a new position in Qualys in the 1st quarter worth approximately $9,946,000. Finally, First Trust Advisors LP raised its position in Qualys by 52.4% in the 2nd quarter. First Trust Advisors LP now owns 310,684 shares of the software maker’s stock worth $26,191,000 after purchasing an additional 106,767 shares during the last quarter. Institutional investors own 82.13% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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