Qualys, Inc. (NASDAQ:QLYS) Receives an Average Rating of “Hold” by Brokerages
Qualys, Inc. (NASDAQ:QLYS – Get Rating) has been given a consensus rating of “Hold” by the eleven rating agencies that cover the company, Marketbeat.com reports. One analyst rated the stock with a sell rating, five gave the company a hold rating and five gave the company a buy rating. The 1-year average price target among analysts who have reported on the stock in the past year is $131.25.
QLYS has been the subject of several analyst reports. Wolfe Research began covering Qualys shares in a report on Monday, April 11. They set an “outperform” rating and a price target of $162.00 for the company. StockNews.com upgraded Qualys from a “hold” rating to a “buy” rating in a Wednesday, June 22 report. Finally, Wedbush raised its price target on Qualys from $146.00 to $160.00 and gave the stock an “outperform” rating in a Thursday, April 14 report.
In related news, CEO Sumedh S. Thakar sold 1,500 Qualys shares in a trade that took place on Thursday, April 14. The stock was sold at an average price of $150.00, for a total transaction of $225,000.00. Following completion of the transaction, the CEO now directly owns 180,978 shares of the company, valued at approximately $27,146,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Bruce K. Posey sold 2,500 shares of the company in a trade that took place on Tuesday, June 21. The shares were sold at an average price of $123.84, for a total value of $309,600.00. Following the completion of the sale, the insider now directly owns 62,927 shares of the company, valued at approximately $7,792,879.68. The disclosure of this sale can be found here. During the last quarter, insiders sold 71,038 shares of the company worth $9,304,167. 15.60% of the shares are held by insiders of the company.
Several hedge funds and other institutional investors have recently increased or reduced their stake in QLYS. HighTower Advisors LLC increased its position in Qualys by 4.7% in the 4th quarter. HighTower Advisors LLC now owns 7,754 shares of the software maker worth $1,062,000 after buying 351 additional shares last quarter. UBS Asset Management Americas Inc. increased its holding in Qualys shares by 12.4% during the third quarter. UBS Asset Management Americas Inc. now owns 42,518 shares of the software maker worth $4,732,000 after buying an additional 4,692 shares in the last quarter. Russell Investments Group Ltd. increased its Qualys equity stake by 7.2% during the fourth quarter. Russell Investments Group Ltd. now owns 161,382 shares of the software maker worth $22,142,000 after buying an additional 10,896 shares last quarter. Janney Montgomery Scott LLC acquired a new position in Qualys stock in the fourth quarter worth approximately $231,000. Finally, First Republic Investment Management Inc. increased its stake in Qualys shares by 80.5% during the fourth quarter. First Republic Investment Management Inc. now owns 9,883 shares of the software maker valued at $1,356,000 after buying an additional 4,408 shares during the period. 99.29% of the shares are held by institutional investors.
NASDAQ: QLYS opened at $132.34 on Friday. Qualys has a 12-month low of $97.01 and a 12-month high of $150.10. The stock’s 50-day simple moving average is $126.73 and its 200-day simple moving average is $129.98. The company has a market capitalization of $5.14 billion, a P/E ratio of 54.69 and a beta of 0.75.
Qualys Inc (NASDAQ:QLYS – Get Rating) last released its quarterly results on Wednesday, May 4. The software maker reported earnings per share of $0.64 for the quarter, beating consensus analyst estimates of $0.53 from $0.11. The company posted revenue of $113.40 million for the quarter, versus analyst estimates of $112.98 million. Qualys has a net margin of 22.47% and a return on equity of 22.91%. Qualys quarterly revenue increased 17.1% year-on-year. During the same period last year, the company posted ($0.01) EPS. On average, analysts expect Qualys to post 2 earnings per share for the current fiscal year.
About Qualys (Get an evaluation)
Qualys, Inc provides cloud-based information technology (IT), security and compliance solutions in the United States and around the world. The company offers Qualys Cloud Apps, which includes vulnerability management; Management, detection and response to vulnerabilities; threat protection; Continuous monitoring; Patch management; Multi-vector endpoint detection and response; certificate assessment; SaaS detection and response; Secure enterprise mobility; Compliance Policy; security configuration assessment; PCI Compliance; File integrity monitoring; Security Assessment Questionnaire; out-of-band configuration assessment; Web application scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity asset management; Inventory of certificates; Cloud inventory; Cloud security assessment; and container security.
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