Qualys Inc (QLYS) Receives Average Rating of “Buy” from Analysts

Shares of Qualys Inc (NASDAQ:QLYS) have earned an average recommendation of “Buy” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $86.92.

QLYS has been the topic of a number of recent research reports. Needham & Company LLC lifted their price objective on shares of Qualys from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 14th. BidaskClub upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Monness Crespi & Hardt upgraded shares of Qualys from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Monday, June 11th. ValuEngine downgraded shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Finally, First Analysis set a $112.00 price objective on shares of Qualys and gave the company a “buy” rating in a report on Monday, September 10th.

NASDAQ QLYS opened at $87.50 on Thursday. Qualys has a 12-month low of $50.00 and a 12-month high of $98.30. The company has a market capitalization of $3.50 billion, a PE ratio of 97.22 and a beta of 1.13.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The company had revenue of $68.15 million for the quarter, compared to the consensus estimate of $67.13 million. sell-side analysts predict that Qualys will post 0.85 EPS for the current fiscal year.

In related news, Chairman Philippe F. Courtot sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $84.90, for a total transaction of $3,396,000.00. Following the transaction, the chairman now directly owns 5,458,092 shares in the company, valued at $463,392,010.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $85.02, for a total transaction of $170,040.00. Following the transaction, the vice president now owns 64,114 shares in the company, valued at $5,450,972.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 291,316 shares of company stock worth $25,344,094. 18.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in shares of Qualys by 11.3% in the second quarter. BlackRock Inc. now owns 4,625,019 shares of the software maker’s stock valued at $389,891,000 after purchasing an additional 468,437 shares during the last quarter. Congress Asset Management Co. MA acquired a new position in shares of Qualys in the second quarter valued at $70,892,000. Northern Trust Corp increased its holdings in shares of Qualys by 5.1% in the second quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock valued at $38,086,000 after purchasing an additional 22,051 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Qualys by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock valued at $33,803,000 after purchasing an additional 17,857 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Qualys by 13.2% in the second quarter. Legal & General Group Plc now owns 372,008 shares of the software maker’s stock valued at $31,376,000 after purchasing an additional 43,449 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Qualys Company Profile

Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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