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. They currently have $43.00 target price on the stock, up from their prior target price of $31.00.
Several other research analysts have also issued reports on QLYS. Pacific Crest reaffirmed a hold rating on shares of Qualys in a research report on Sunday, May 22nd. Zacks Investment Research raised Qualys from a hold rating to a buy rating and set a $33.00 target price for the company in a research report on Thursday, June 30th. Summit Redstone reaffirmed a hold rating and set a $30.00 target price on shares of Qualys in a research report on Friday, July 22nd. Summit Research reaffirmed a hold rating and set a $30.00 target price on shares of Qualys in a research report on Friday, July 22nd. Finally, Imperial Capital reaffirmed an outperform rating and set a $30.00 target price on shares of Qualys in a research report on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.84.
Qualys (NASDAQ:QLYS) opened at 36.56 on Tuesday. The firm has a 50-day moving average price of $33.35 and a 200-day moving average price of $29.34. The firm has a market capitalization of $1.29 billion, a PE ratio of 76.17 and a beta of 1.10. Qualys has a 1-year low of $16.96 and a 1-year high of $39.74.
Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The business earned $48.50 million during 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 revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Equities analysts expect that Qualys will post $0.79 earnings per share for the current fiscal year.
In other Qualys news, insider Sumedh S. Thakar sold 1,600 shares of Qualys stock in a transaction dated 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 transaction, the insider now owns 57,335 shares in the company, valued at approximately $2,050,872.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Philippe F. Courtot sold 30,000 shares of Qualys stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $35.67, for a total value of $1,070,100.00. Following the transaction, the chairman now owns 5,142,542 shares of the company’s stock, valued at approximately $183,434,473.14. The disclosure for this sale can be found here. Company insiders own 30.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in QLYS. Capstone Asset Management Co. bought a new position in Qualys during the second quarter worth about $217,000. BNP Paribas Arbitrage SA increased its position in Qualys by 121.3% in the second quarter. BNP Paribas Arbitrage SA now owns 7,740 shares of the company’s stock worth $231,000 after buying an additional 4,243 shares during the period. Arizona State Retirement System bought a new position in Qualys during the first quarter worth about $311,000. A.R.T. Advisors LLC bought a new position in Qualys during the first quarter worth about $1,374,000. Finally, State Street Corp increased its position in shares of Qualys by 17.2% in the first quarter. State Street Corp now owns 448,267 shares of the company’s stock worth $11,346,000 after buying an additional 65,932 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.
Qualys Company Profile
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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