DA Davidson upgraded shares of Qualys Inc. (NASDAQ:QLYS) from a neutral rating to a buy rating in a research note published on Monday. They currently have $47.00 price target on the stock, up from their prior price target of $36.00.
Other equities research analysts also recently issued reports about the stock. Wunderlich raised shares of Qualys from a hold rating to a buy rating and upped their price target for the company from $31.00 to $43.00 in a report on Tuesday, September 13th. TheStreet raised shares of Qualys from a hold rating to a buy rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Qualys from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Tuesday, August 9th. Summit Research reaffirmed a hold rating and set a $30.00 price objective on shares of Qualys in a research note on Friday, July 22nd. Finally, Summit Redstone reaffirmed a hold rating and set a $30.00 price objective on shares of Qualys in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $35.43.
Qualys (NASDAQ:QLYS) remained flat at $38.15 during midday trading on Monday. The company had a trading volume of 29,097 shares. The stock has a market capitalization of $1.35 billion, a PE ratio of 79.48 and a beta of 1.07. Qualys has a one year low of $16.96 and a one year high of $39.74. The company has a 50 day moving average price of $36.90 and a 200-day moving average price of $31.38.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The company earned $48.50 million during the quarter, compared to the consensus estimate of $48.01 million. During the same period in the prior year, the company earned $0.16 EPS. Qualys’s revenue was up 21.3% on a year-over-year basis. On average, analysts anticipate that Qualys will post $0.79 earnings per share for the current year.
In other Qualys news, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $32.10, for a total transaction of $64,200.00. Following the transaction, the vice president now owns 60,293 shares in the company, valued at $1,935,405.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 1,600 shares of the stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $38.76, for a total value of $62,016.00. Following the transaction, the insider now owns 57,335 shares in the company, valued at approximately $2,222,304.60. The disclosure for this sale can be found here. 30.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in shares of Qualys by 30.7% in the second quarter. Teacher Retirement System of Texas now owns 3,846 shares of the company’s stock valued at $115,000 after buying an additional 904 shares during the period. Royal Bank of Canada boosted its stake in Qualys by 22.1% in the second quarter. Royal Bank of Canada now owns 4,632 shares of the company’s stock valued at $138,000 after buying an additional 838 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Qualys during the second quarter valued at $142,000. Mizuho Asset Management Co. Ltd. acquired a new stake in Qualys during the second quarter valued at $200,000. Finally, KCG Holdings Inc. acquired a new stake in Qualys during the second quarter valued at $201,000. Institutional investors own 70.25% of the company’s stock.
Qualys Company Profile
Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its customers to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions and verify the implementation of such actions.
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