Cowen started coverage on shares of Qualys (NASDAQ:QLYS) in a report published on Thursday morning, Benzinga reports. The firm issued an outperform rating and a $100.00 price objective on the software maker’s stock.
QLYS has been the topic of several other research reports. Zacks Investment Research cut shares of Qualys from a buy rating to a hold rating in a research note on Tuesday, February 5th. BidaskClub upgraded shares of Qualys from a buy rating to a strong-buy rating in a research note on Tuesday, February 5th. Summit Redstone cut shares of Qualys to a hold rating and set a $85.00 price target on the stock. in a research note on Monday, March 18th. JPMorgan Chase & Co. cut shares of Qualys from a neutral rating to an underweight rating and dropped their price target for the stock from $90.00 to $82.00 in a research note on Wednesday, February 13th. Finally, Robert W. Baird reiterated a hold rating on shares of Qualys in a research note on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $93.53.
Shares of Qualys stock opened at $90.41 on Thursday. The firm has a market cap of $3.54 billion, a PE ratio of 75.97 and a beta of 1.59. Qualys has a 1-year low of $65.93 and a 1-year high of $98.30.
In related news, CFO Melissa B. Fisher sold 1,500 shares of Qualys stock in a transaction on Monday, May 6th. The shares were sold at an average price of $89.91, for a total transaction of $134,865.00. Following the transaction, the chief financial officer now owns 150,629 shares in the company, valued at approximately $13,543,053.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Pace sold 22,500 shares of Qualys stock in a transaction on Monday, May 6th. The shares were sold at an average price of $89.87, for a total transaction of $2,022,075.00. Following the transaction, the director now owns 30,243 shares in the company, valued at approximately $2,717,938.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,941 shares of company stock worth $4,933,885. 18.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its stake in Qualys by 129.9% in the 4th quarter. Amalgamated Bank now owns 5,317 shares of the software maker’s stock worth $397,000 after purchasing an additional 3,004 shares in the last quarter. Cavalier Investments LLC purchased a new stake in Qualys in the 4th quarter worth $351,000. Brinker Capital Inc. lifted its stake in Qualys by 74.1% in the 1st quarter. Brinker Capital Inc. now owns 16,135 shares of the software maker’s stock worth $1,335,000 after purchasing an additional 6,867 shares in the last quarter. 361 Capital LLC lifted its stake in Qualys by 69.2% in the 4th quarter. 361 Capital LLC now owns 33,473 shares of the software maker’s stock worth $2,502,000 after purchasing an additional 13,685 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Qualys by 62.9% in the 3rd quarter. Morgan Stanley now owns 211,099 shares of the software maker’s stock worth $18,809,000 after purchasing an additional 81,483 shares in the last quarter. Institutional investors own 85.38% of the company’s stock.
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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