First Analysis restated their weight rating on shares of Qualys (NASDAQ:QLYS) in a research note released on Friday, Marketbeat reports. First Analysis currently has a $80.00 price objective on the software maker’s stock, up from their prior price objective of $70.00.
Several other brokerages have also recently weighed in on QLYS. BidaskClub cut Qualys from a strong-buy rating to a buy rating in a report on Thursday, January 25th. Royal Bank of Canada lifted their price objective on Qualys to $65.00 and gave the company a market perform rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. cut Qualys from an overweight rating to a neutral rating and set a $65.00 price objective for the company. in a report on Tuesday, December 12th. Zacks Investment Research raised Qualys from a hold rating to a buy rating and set a $64.00 price objective for the company in a report on Saturday, November 4th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $60.00 price objective on shares of Qualys in a report on Friday, November 3rd. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Qualys currently has an average rating of Buy and a consensus price target of $68.54.
Shares of Qualys (NASDAQ:QLYS) opened at $75.20 on Friday. The firm has a market capitalization of $2,904.86, a P/E ratio of 56.97, a P/E/G ratio of 5.14 and a beta of 1.02. Qualys has a fifty-two week low of $33.75 and a fifty-two week high of $75.50.
Qualys declared that its Board of Directors has initiated a stock buyback plan on Monday, February 12th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
In other news, Director Donald R. Dixon sold 91,479 shares of Qualys stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $59.89, for a total value of $5,478,677.31. Following the transaction, the director now owns 114,064 shares in the company, valued at approximately $6,831,292.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction on Friday, December 1st. The shares were sold at an average price of $58.40, for a total value of $116,800.00. Following the completion of the transaction, the vice president now owns 66,644 shares in the company, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,280 shares of company stock worth $9,270,956. Corporate insiders own 20.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of Qualys in the 4th quarter valued at $234,000. DF Dent & Co. Inc. bought a new position in shares of Qualys in the 4th quarter valued at $7,330,000. MetLife Investment Advisors LLC bought a new position in shares of Qualys in the 4th quarter valued at $881,000. Macquarie Group Ltd. increased its stake in shares of Qualys by 600.0% in the 4th quarter. Macquarie Group Ltd. now owns 8,400 shares of the software maker’s stock valued at $499,000 after purchasing an additional 7,200 shares during the last quarter. Finally, LPL Financial LLC bought a new position in shares of Qualys in the 4th quarter valued at $219,000. Institutional investors own 75.03% of the company’s stock.
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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 Qualys 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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