Qualys (NASDAQ:QLYS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Qualys (NASDAQ:QLYS) from a sell rating to a hold rating in a research note published on Friday, BidAskClub reports.

A number of other equities research analysts also recently issued reports on the company. ValuEngine upgraded Qualys from a sell rating to a hold rating in a research report on Friday, November 29th. SunTrust Banks started coverage on Qualys in a research report on Wednesday, October 2nd. They set a hold rating and a $85.00 price target on the stock. Zacks Investment Research downgraded Qualys from a strong-buy rating to a hold rating in a research report on Wednesday, January 1st. Needham & Company LLC restated a buy rating and set a $105.00 price target on shares of Qualys in a research report on Thursday, November 21st. Finally, Rosenblatt Securities restated a hold rating and set a $85.00 price target on shares of Qualys in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $93.65.

Shares of QLYS stock opened at $86.75 on Friday. Qualys has a 52-week low of $72.76 and a 52-week high of $97.12. The company has a market capitalization of $3.36 billion, a PE ratio of 56.70 and a beta of 1.34. The business’s fifty day moving average is $84.70 and its 200 day moving average is $83.23.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Wednesday, October 30th. The software maker reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The company had revenue of $82.70 million for the quarter, compared to the consensus estimate of $82.37 million. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. Sell-side analysts predict that Qualys will post 1.64 earnings per share for the current fiscal year.

In other Qualys news, CEO Philippe F. Courtot sold 57,461 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $84.21, for a total value of $4,838,790.81. Following the completion of the sale, the chief executive officer now directly owns 5,628,488 shares in the company, valued at $473,974,974.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Bruce K. Posey sold 1,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $83.55, for a total transaction of $83,550.00. Following the transaction, the vice president now directly owns 88,255 shares of the company’s stock, valued at approximately $7,373,705.25. The disclosure for this sale can be found here. Insiders sold a total of 288,307 shares of company stock valued at $24,327,971 in the last ninety days. 17.30% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC purchased a new position in Qualys in the second quarter valued at $16,375,000. Morgan Stanley increased its holdings in Qualys by 337.5% in the second quarter. Morgan Stanley now owns 175,292 shares of the software maker’s stock valued at $15,264,000 after buying an additional 135,221 shares in the last quarter. First Trust Advisors LP increased its holdings in Qualys by 41.8% in the third quarter. First Trust Advisors LP now owns 293,643 shares of the software maker’s stock valued at $22,191,000 after buying an additional 86,488 shares in the last quarter. BlackRock Inc. increased its holdings in Qualys by 1.6% in the second quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock valued at $442,532,000 after buying an additional 82,375 shares in the last quarter. Finally, Man Group plc increased its holdings in Qualys by 54.2% in the third quarter. Man Group plc now owns 188,761 shares of the software maker’s stock valued at $14,264,000 after buying an additional 66,364 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other 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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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