Qualys (QLYS) Given Neutral Rating at Robert W. Baird

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Robert W. Baird reiterated their neutral rating on shares of Qualys (NASDAQ:QLYS) in a research report report published on Thursday.

QLYS has been the topic of a number of other research reports. BidaskClub cut shares of Qualys from a buy rating to a hold rating in a research note on Thursday, September 20th. JPMorgan Chase & Co. upped their target price on shares of Qualys to $100.00 and gave the company a neutral rating in a research note on Wednesday, August 1st. Morgan Stanley boosted their price target on shares of Qualys from $81.00 to $82.00 and gave the company an equal weight rating in a research report on Wednesday, August 1st. ValuEngine lowered shares of Qualys from a strong-buy rating to a buy rating in a research report on Tuesday, September 4th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $85.67.

NASDAQ QLYS traded up $0.19 on Thursday, reaching $74.29. The company’s stock had a trading volume of 6,430 shares, compared to its average volume of 367,238. The stock has a market cap of $2.95 billion, a P/E ratio of 82.77 and a beta of 1.13. Qualys has a 52 week low of $50.65 and a 52 week high of $98.30.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $68.15 million for the quarter, compared to analysts’ expectations of $67.13 million. Qualys had a net margin of 12.04% and a return on equity of 12.70%. As a group, equities analysts predict that Qualys will post 0.85 EPS for the current year.

In other news, insider Sumedh S. Thakar sold 3,825 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $75.73, for a total transaction of $289,667.25. Following the transaction, the insider now directly owns 162,227 shares in the company, valued at $12,285,450.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bruce K. Posey sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $92.10, for a total transaction of $184,200.00. Following the transaction, the vice president now owns 37,548 shares in the company, valued at $3,458,170.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,641 shares of company stock worth $25,564,932. Company insiders own 18.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in QLYS. New York State Common Retirement Fund lifted its position in shares of Qualys by 12.9% during the first quarter. New York State Common Retirement Fund now owns 55,494 shares of the software maker’s stock worth $4,037,000 after purchasing an additional 6,362 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Qualys by 123.0% during the first quarter. California Public Employees Retirement System now owns 30,941 shares of the software maker’s stock worth $2,251,000 after purchasing an additional 17,065 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Qualys by 32.3% during the first quarter. Asset Management One Co. Ltd. now owns 8,110 shares of the software maker’s stock worth $590,000 after purchasing an additional 1,980 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Qualys by 4.3% during the first quarter. Principal Financial Group Inc. now owns 267,507 shares of the software maker’s stock worth $19,461,000 after purchasing an additional 10,924 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Qualys by 16.1% during the first quarter. Allianz Asset Management GmbH now owns 8,878 shares of the software maker’s stock worth $646,000 after purchasing an additional 1,231 shares in the last quarter. Institutional investors own 82.10% of the company’s stock.

About Qualys

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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