Qualys (NASDAQ:QLYS) had its target price lifted by Robert W. Baird from $90.00 to $95.00 in a research report report published on Thursday morning, AnalystRatings.com reports. The brokerage currently has a neutral rating on the software maker’s stock.
Several other research analysts have also issued reports on the company. BidaskClub raised Qualys from a sell rating to a hold rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a hold rating and issued a $90.00 target price on shares of Qualys in a research report on Sunday, February 9th. Needham & Company LLC reissued a buy rating and issued a $105.00 target price on shares of Qualys in a research report on Thursday, November 21st. ValuEngine raised Qualys from a hold rating to a buy rating in a research report on Tuesday, February 4th. Finally, Zacks Investment Research lowered Qualys from a strong-buy rating to a hold rating in a research report on Wednesday, January 1st. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Qualys currently has a consensus rating of Hold and an average price target of $95.69.
Shares of NASDAQ:QLYS traded up $2.36 during trading on Thursday, hitting $92.44. The stock had a trading volume of 408,136 shares, compared to its average volume of 296,254. Qualys has a 12 month low of $72.76 and a 12 month high of $95.99. The company has a market capitalization of $3.49 billion, a PE ratio of 60.42 and a beta of 1.36. The firm’s fifty day moving average is $85.88 and its 200 day moving average is $83.11.
Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.23. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The firm had revenue of $84.70 million during the quarter, compared to analyst estimates of $84.68 million. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Qualys will post 1.64 earnings per share for the current fiscal year.
In related news, insider Sumedh S. Thakar sold 3,728 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $84.14, for a total transaction of $313,673.92. Following the completion of the transaction, the insider now owns 226,426 shares of the company’s stock, valued at approximately $19,051,483.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bruce K. Posey sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $83.86, for a total value of $83,860.00. Following the transaction, the vice president now directly owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,086 shares of company stock valued at $2,407,427. 17.30% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Wakefield Asset Management LLLP increased its holdings in shares of Qualys by 2.1% in the 3rd quarter. Wakefield Asset Management LLLP now owns 6,235 shares of the software maker’s stock worth $471,000 after purchasing an additional 129 shares in the last quarter. FMR LLC increased its holdings in shares of Qualys by 42.0% in the 4th quarter. FMR LLC now owns 544 shares of the software maker’s stock worth $46,000 after purchasing an additional 161 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Qualys by 3.1% in the 4th quarter. Amalgamated Bank now owns 6,518 shares of the software maker’s stock worth $543,000 after purchasing an additional 198 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Qualys by 2.0% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 10,330 shares of the software maker’s stock worth $861,000 after purchasing an additional 200 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in shares of Qualys by 1.9% in the 3rd quarter. Mason Street Advisors LLC now owns 11,458 shares of the software maker’s stock worth $866,000 after purchasing an additional 217 shares in the last quarter. 86.85% of the stock is owned by institutional investors.
Qualys Company Profile
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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