Qualys (QLYS) Coverage Initiated at Wedbush

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Stock analysts at Wedbush assumed coverage on shares of Qualys (NASDAQ:QLYS) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $95.00 price target on the software maker’s stock. Wedbush’s target price would indicate a potential upside of 27.69% from the company’s previous close.

A number of other equities analysts have also issued reports on QLYS. Zacks Investment Research raised shares of Qualys from a “strong sell” rating to a “strong-buy” rating and set a $99.00 target price on the stock in a research report on Wednesday, July 4th. BidaskClub raised shares of Qualys from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of Qualys to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 1st. Royal Bank of Canada boosted their target price on shares of Qualys to $90.00 and gave the stock a “positive” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their target price on shares of Qualys from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.67.

Shares of QLYS stock opened at $74.40 on Thursday. Qualys has a 1 year low of $50.90 and a 1 year high of $98.30. The firm has a market cap of $2.95 billion, a P/E ratio of 82.77 and a beta of 1.13.

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

In other news, VP Bruce K. Posey sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $88.49, for a total value of $176,980.00. Following the sale, the vice president now owns 37,548 shares of the company’s stock, valued at approximately $3,322,622.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Philippe F. Courtot sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $85.33, for a total transaction of $1,706,600.00. Following the completion of the sale, the chairman now directly owns 5,438,092 shares in the company, valued at approximately $464,032,390.36. The disclosure for this sale can be found here. Insiders sold a total of 294,641 shares of company stock worth $25,564,932 in the last three months. Insiders own 18.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. Congress Asset Management Co. MA bought a new stake in shares of Qualys in the 2nd quarter worth about $70,892,000. BlackRock Inc. grew its holdings in shares of Qualys by 11.3% in the 2nd quarter. BlackRock Inc. now owns 4,625,019 shares of the software maker’s stock worth $389,891,000 after purchasing an additional 468,437 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Qualys by 413.6% in the 1st quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock worth $23,867,000 after purchasing an additional 264,587 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of Qualys in the 1st quarter worth about $9,946,000. Finally, First Trust Advisors LP grew its holdings in shares of Qualys by 52.4% in the 2nd quarter. First Trust Advisors LP now owns 310,684 shares of the software maker’s stock worth $26,191,000 after purchasing an additional 106,767 shares during the last quarter. 82.10% of the stock is currently owned by institutional investors and hedge funds.

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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