Qualys’ (QLYS) “Hold” Rating Reiterated at KeyCorp
QLYS has been the topic of a number of other reports. BidaskClub raised shares of Qualys from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. Northland Securities set a $48.00 price target on shares of Qualys and gave the company a buy rating in a research report on Wednesday, October 18th. Royal Bank Of Canada reissued a hold rating and set a $45.00 price target on shares of Qualys in a research report on Monday, July 31st. Monness Crespi & Hardt started coverage on shares of Qualys in a research report on Monday, July 10th. They set a neutral rating on the stock. Finally, Robert W. Baird set a $42.00 price objective on shares of Qualys and gave the stock a hold rating in a research report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Qualys currently has an average rating of Hold and an average target price of $47.17.
Qualys (NASDAQ:QLYS) traded down 0.8913% on Friday, hitting $52.1312. 120,437 shares of the stock traded hands. The firm has a market capitalization of $1.96 billion, a PE ratio of 51.0090 and a beta of 0.90. The stock has a 50 day moving average of $51.78 and a 200 day moving average of $44.56. Qualys has a 52 week low of $30.61 and a 52 week high of $54.15.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Qualys will post $0.90 earnings per share for the current year.
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In related news, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the completion of the transaction, the insider now owns 124,051 shares of the company’s stock, valued at $6,574,703. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey P. Hank sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $46.10, for a total transaction of $115,250.00. Following the transaction, the director now directly owns 8,655 shares of the company’s stock, valued at approximately $398,995.50. The disclosure for this sale can be found here. Insiders sold 67,908 shares of company stock valued at $3,231,668 in the last quarter. Corporate insiders own 30.20% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. New York State Teachers Retirement System grew its stake in Qualys by 12.4% during the third quarter. New York State Teachers Retirement System now owns 12,656 shares of the software maker’s stock valued at $656,000 after acquiring an additional 1,400 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Qualys during the third quarter valued at approximately $581,000. Raymond James Financial Services Advisors Inc. purchased a new position in Qualys during the third quarter valued at approximately $219,000. Pictet Asset Management Ltd. grew its stake in Qualys by 6.0% during the third quarter. Pictet Asset Management Ltd. now owns 455,800 shares of the software maker’s stock valued at $23,610,000 after acquiring an additional 25,800 shares in the last quarter. Finally, Aperio Group LLC grew its stake in Qualys by 7.8% during the third quarter. Aperio Group LLC now owns 16,133 shares of the software maker’s stock valued at $836,000 after acquiring an additional 1,164 shares in the last quarter. 73.47% of the stock is owned by 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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