Qualys’ (QLYS) “Buy” Rating Reaffirmed at Needham & Company LLC
Needham & Company LLC reissued their buy rating on shares of Qualys, Inc. (NASDAQ:QLYS) in a report released on Wednesday morning, MarketBeat reports. The brokerage currently has a $70.00 price objective on the software maker’s stock, up from their previous price objective of $65.00.
Several other research analysts also recently commented on the stock. Robert W. Baird reissued a hold rating and set a $61.00 price objective on shares of Qualys in a report on Wednesday. KeyCorp restated a hold rating on shares of Qualys in a research report on Friday, October 27th. Northland Securities set a $48.00 target price on shares of Qualys and gave the company a buy rating in a research report on Wednesday, October 18th. Morgan Stanley cut shares of Qualys from an overweight rating to an equal weight rating and set a $51.00 target price on the stock. in a research report on Tuesday, October 10th. Finally, Imperial Capital restated an outperform rating and set a $50.00 target price (up from $46.00) on shares of Qualys in a research report on Wednesday, August 9th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $54.36.
Qualys (NASDAQ QLYS) traded up $0.10 on Wednesday, hitting $57.35. 374,398 shares of the company’s stock traded hands, compared to its average volume of 328,089. Qualys has a twelve month low of $30.60 and a twelve month high of $57.75. The company has a market cap of $2,151.89, a P/E ratio of 52.14, a PEG ratio of 6.08 and a beta of 0.84.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The business had revenue of $59.49 million during the quarter, compared to the consensus estimate of $58.59 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 16.7% on a year-over-year basis. equities research analysts predict that Qualys will post 0.65 earnings per share for the current year.
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In related news, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.02, for a total value of $90,040.00. Following the sale, the vice president now directly owns 79,221 shares of the company’s stock, valued at approximately $3,566,529.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philippe F. Courtot sold 20,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $56.01, for a total transaction of $1,120,200.00. Following the completion of the sale, the chairman now directly owns 5,544,435 shares in the company, valued at $310,543,804.35. The disclosure for this sale can be found here. Insiders sold a total of 96,214 shares of company stock worth $4,973,589 over the last three months. 30.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Qualys in the 2nd quarter worth about $103,000. Ameritas Investment Partners Inc. grew its stake in Qualys by 17.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after acquiring an additional 408 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in Qualys by 1,100.0% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock worth $155,000 after acquiring an additional 2,750 shares in the last quarter. Victory Capital Management Inc. grew its stake in Qualys by 131.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its stake in Qualys by 2.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
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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