Qualys (NASDAQ:QLYS) Coverage Initiated by Analysts at Nomura

Nomura assumed coverage on shares of Qualys (NASDAQ:QLYS) in a research report issued to clients and investors on Friday, June 28th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $108.00 price target on the software maker’s stock. Nomura’s price target points to a potential upside of 23.01% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on QLYS. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. JMP Securities increased their price objective on Qualys from $85.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 2nd. Summit Redstone cut Qualys to a “hold” rating and set a $85.00 price objective on the stock. in a research report on Monday, March 18th. Summit Insights cut Qualys from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Cowen lowered their price objective on Nordstrom from $44.00 to $36.00 and set a “market perform” rating on the stock in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Qualys has an average rating of “Hold” and a consensus price target of $94.29.

NASDAQ:QLYS traded down $0.41 during trading hours on Friday, reaching $87.80. 365,864 shares of the stock were exchanged, compared to its average volume of 292,385. Qualys has a twelve month low of $65.93 and a twelve month high of $98.30. The stock has a market capitalization of $3.45 billion, a PE ratio of 73.78 and a beta of 1.36. The company’s 50 day simple moving average is $87.36.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a return on equity of 15.51% and a net margin of 21.23%. The company had revenue of $75.34 million for the quarter, compared to the consensus estimate of $74.92 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities analysts predict that Qualys will post 1.34 earnings per share for the current fiscal year.

In related news, Director Peter Pace sold 22,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $89.87, for a total value of $2,022,075.00. Following the sale, the director now directly owns 30,243 shares of the company’s stock, valued at $2,717,938.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $89.91, for a total value of $134,865.00. Following the completion of the sale, the chief financial officer now directly owns 150,629 shares in the company, valued at $13,543,053.39. The disclosure for this sale can be found here. Insiders sold 57,497 shares of company stock worth $5,060,930 over the last ninety days. 17.30% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of QLYS. FTB Advisors Inc. raised its position in shares of Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after acquiring an additional 128 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after acquiring an additional 165 shares during the last quarter. Sontag Advisory LLC bought a new position in shares of Qualys during the fourth quarter worth about $48,000. SevenBridge Financial Group LLC bought a new position in shares of Qualys during the second quarter worth about $50,000. Finally, Acadian Asset Management LLC bought a new position in shares of Qualys during the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 85.17% of the company’s stock.

About Qualys

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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