Qualys Inc. (QLYS) Raised to Buy at Wunderlich
Wunderlich upgraded shares of Qualys Inc. (NASDAQ:QLYS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. Wunderlich currently has $43.00 price objective on the stock, up from their previous price objective of $31.00.
Several other analysts have also commented on QLYS. Pacific Crest reaffirmed a hold rating on shares of Qualys in a research note on Sunday, May 22nd. Zacks Investment Research raised Qualys from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Thursday, June 30th. Summit Redstone reaffirmed a hold rating and issued a $30.00 price target on shares of Qualys in a research note on Friday, July 22nd. Summit Research reaffirmed a hold rating and issued a $30.00 price target on shares of Qualys in a research note on Friday, July 22nd. Finally, Imperial Capital reaffirmed an outperform rating and issued a $30.00 price target on shares of Qualys in a research note on Monday, July 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $33.84.
Qualys (NASDAQ:QLYS) opened at 36.56 on Tuesday. Qualys has a 52 week low of $16.96 and a 52 week high of $39.74. The company’s 50-day moving average price is $33.35 and its 200 day moving average price is $29.34. The company has a market cap of $1.29 billion, a PE ratio of 76.17 and a beta of 1.10.
Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business had revenue of $48.50 million for the quarter, compared to analyst estimates of $48.01 million. Qualys had a return on equity of 8.28% and a net margin of 9.84%. Qualys’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, analysts anticipate that Qualys will post $0.79 EPS for the current year.
In related news, insider Sumedh S. Thakar sold 1,600 shares of Qualys stock in a transaction on Friday, September 9th. The stock was sold at an average price of $35.77, for a total transaction of $57,232.00. Following the completion of the sale, the insider now directly owns 57,335 shares of the company’s stock, valued at $2,050,872.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Philippe F. Courtot sold 30,000 shares of Qualys stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $35.67, for a total value of $1,070,100.00. Following the sale, the chairman now directly owns 5,142,542 shares of the company’s stock, valued at $183,434,473.14. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in Qualys by 146.1% in the first quarter. BlackRock Fund Advisors now owns 1,518,859 shares of the company’s stock worth $38,442,000 after buying an additional 901,656 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Qualys by 22.6% in the first quarter. TIAA CREF Investment Management LLC now owns 191,057 shares of the company’s stock worth $4,836,000 after buying an additional 35,223 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in Qualys during the second quarter worth about $205,000. A.R.T. Advisors LLC acquired a new position in Qualys during the first quarter worth about $1,374,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Qualys during the first quarter worth about $419,000. 70.14% of the stock is owned by institutional investors and hedge funds.
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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