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.

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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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Analyst Recommendations for Qualys (NASDAQ: QLYS)

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