Weekly Research Analysts’ Ratings Updates for Qualys (QLYS)

Several analysts have recently updated their ratings and price targets for Qualys (NASDAQ: QLYS):

  • 11/29/2019 – Qualys was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/25/2019 – Qualys had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $90.00 price target on the stock.
  • 11/21/2019 – Qualys had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $105.00 price target on the stock.
  • 11/20/2019 – Qualys had its “hold” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $85.00 price target on the stock.
  • 11/6/2019 – Qualys was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $97.00 price target on the stock. According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “
  • 11/5/2019 – Qualys was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/31/2019 – Qualys had its “hold” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $85.00 price target on the stock.
  • 10/31/2019 – Qualys had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $105.00 price target on the stock.
  • 10/28/2019 – Qualys was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/22/2019 – Qualys was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

QLYS traded up $1.30 during trading on Wednesday, hitting $85.73. 13,140 shares of the stock traded hands, compared to its average volume of 273,315. Qualys Inc has a twelve month low of $65.93 and a twelve month high of $97.12. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 72.04 and a beta of 1.36. The business has a 50 day moving average price of $83.44 and a 200 day moving average price of $83.98.

Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, October 30th. The software maker reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.13. The firm had revenue of $82.70 million for the quarter, compared to analyst estimates of $82.37 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, analysts forecast that Qualys Inc will post 1.64 EPS for the current year.

In other news, insider Sumedh S. Thakar sold 4,286 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $76.86, for a total value of $329,421.96. Following the transaction, the insider now owns 164,714 shares in the company, valued at $12,659,918.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sumedh S. Thakar sold 4,289 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $78.86, for a total value of $338,230.54. Following the completion of the transaction, the insider now owns 167,803 shares in the company, valued at approximately $13,232,944.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 278,004 shares of company stock valued at $23,406,833. 17.30% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in QLYS. BlackRock Inc. raised its stake in shares of 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 during the period. William Blair Investment Management LLC grew its position in shares of Qualys by 75.8% in the second quarter. William Blair Investment Management LLC now owns 1,265,817 shares of the software maker’s stock valued at $110,227,000 after purchasing an additional 545,806 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of Qualys by 0.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 981,172 shares of the software maker’s stock valued at $74,147,000 after purchasing an additional 6,122 shares during the period. DF Dent & Co. Inc. boosted its stake in Qualys by 1.5% in the 2nd quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock worth $54,611,000 after purchasing an additional 9,072 shares during the period. Finally, Northern Trust Corp increased its position in shares of Qualys by 0.3% during the second quarter. Northern Trust Corp now owns 496,765 shares of the software maker’s stock valued at $43,258,000 after buying an additional 1,280 shares during the period. Institutional investors own 86.73% of the company’s stock.

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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