Qualys, Inc. (NASDAQ:QLYS) Downgraded to Buy at BidaskClub
BidaskClub lowered shares of Qualys, Inc. (NASDAQ:QLYS) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.
QLYS has been the subject of a number of other reports. Robert W. Baird reaffirmed a hold rating on shares of Qualys in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $45.00 price target (up from $39.00) on shares of Qualys in a research note on Tuesday, May 23rd. Imperial Capital upped their price target on Qualys from $40.00 to $46.00 and gave the company an outperform rating in a research note on Monday, May 15th. Morgan Stanley assumed coverage on Qualys in a research note on Thursday, March 30th. They issued an overweight rating and a $43.00 price target for the company. Finally, Monness Crespi & Hardt assumed coverage on Qualys in a research note on Monday, July 10th. They issued a neutral rating for the company. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Qualys presently has a consensus rating of Hold and an average price target of $43.82.
Shares of Qualys (NASDAQ:QLYS) traded down 0.49% on Tuesday, hitting $40.65. 209,581 shares of the company’s stock traded hands. Qualys has a 1-year low of $30.00 and a 1-year high of $44.35. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 43.57 and a beta of 0.94. The firm’s 50-day moving average price is $41.28 and its 200 day moving average price is $38.37.
In other Qualys news, insider Sumedh S. Thakar sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $40.67, for a total transaction of $73,206.00. Following the completion of the transaction, the insider now owns 138,631 shares of the company’s stock, valued at approximately $5,638,122.77. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $38.61, for a total value of $77,220.00. Following the transaction, the vice president now directly owns 79,353 shares of the company’s stock, valued at approximately $3,063,819.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,304 shares of company stock valued at $1,232,735. Insiders own 30.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in Qualys by 6.9% in the fourth quarter. State Street Corp now owns 588,683 shares of the software maker’s stock worth $18,626,000 after buying an additional 38,236 shares during the period. Dimensional Fund Advisors LP increased its position in Qualys by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 562,465 shares of the software maker’s stock worth $17,802,000 after buying an additional 45,286 shares during the period. New York State Teachers Retirement System increased its position in Qualys by 4.6% in the fourth quarter. New York State Teachers Retirement System now owns 11,256 shares of the software maker’s stock worth $356,000 after buying an additional 500 shares during the period. Guggenheim Capital LLC purchased a new position in Qualys during the fourth quarter worth $1,677,000. Finally, Norges Bank purchased a new position in Qualys during the fourth quarter worth $8,725,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
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 Qualys 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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