Other research analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Qualys from a hold rating to a buy rating in a research report on Wednesday, September 12th. First Analysis set a $112.00 price target on shares of Qualys and gave the company a buy rating in a research report on Monday, September 10th. ValuEngine cut shares of Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, September 4th. Susquehanna Bancshares increased their price target on shares of Qualys from $65.00 to $76.00 and gave the company a neutral rating in a research report on Wednesday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Qualys to $100.00 and gave the company a neutral rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $85.67.
NASDAQ QLYS traded up $0.30 on Friday, reaching $74.40. 375,674 shares of the company’s stock traded hands, compared to its average volume of 370,660. Qualys has a 12 month low of $50.90 and a 12 month high of $98.30. The stock has a market capitalization of $2.89 billion, a P/E ratio of 82.67 and a beta of 1.13.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts forecast that Qualys will post 0.85 earnings per share for the current year.
In other news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $88.49, for a total value of $176,980.00. Following the transaction, the vice president now owns 37,548 shares in the company, valued at $3,322,622.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sumedh S. Thakar sold 3,825 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $75.73, for a total transaction of $289,667.25. Following the completion of the transaction, the insider now owns 162,227 shares in the company, valued at approximately $12,285,450.71. The disclosure for this sale can be found here. Insiders sold 294,641 shares of company stock worth $25,564,932 in the last 90 days. Company insiders own 18.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Qualys by 15.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,524 shares of the software maker’s stock valued at $1,562,000 after acquiring an additional 2,500 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Qualys by 119.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,889 shares of the software maker’s stock valued at $159,000 after acquiring an additional 1,030 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in Qualys by 109.9% in the second quarter. Sit Investment Associates Inc. now owns 19,675 shares of the software maker’s stock valued at $1,659,000 after acquiring an additional 10,300 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Qualys in the second quarter valued at $740,000. Finally, Alps Advisors Inc. boosted its holdings in Qualys by 24.3% in the second quarter. Alps Advisors Inc. now owns 9,675 shares of the software maker’s stock valued at $816,000 after acquiring an additional 1,892 shares in the last quarter. Hedge funds and other institutional investors own 82.10% 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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