Qualys (QLYS) Trading Up 0% After Analyst Upgrade

Shares of Qualys Inc (NASDAQ:QLYS) traded up 0% during mid-day trading on Wednesday after Royal Bank of Canada raised their price target on the stock to $65.00. Royal Bank of Canada currently has a market perform rating on the stock. Qualys traded as high as $67.95 and last traded at $67.30. 892,900 shares traded hands during trading, an increase of 276% from the average session volume of 237,232 shares. The stock had previously closed at $67.30.

Several other research firms have also weighed in on QLYS. Northland Securities set a $70.00 price target on Qualys and gave the company a “buy” rating in a report on Tuesday. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Morgan Stanley set a $65.00 price target on Qualys and gave the company a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $62.00 price target on Qualys and gave the company a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Qualys from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $62.83.

In other Qualys news, Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $57.99, for a total value of $2,319,600.00. Following the transaction, the chairman now owns 5,564,435 shares of the company’s stock, valued at approximately $322,681,585.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philippe F. Courtot sold 20,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $61.54, for a total value of $1,230,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,564,435 shares in the company, valued at approximately $342,435,329.90. The disclosure for this sale can be found here. Insiders sold a total of 375,023 shares of company stock worth $22,284,431 in the last ninety days. 20.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its position in shares of Qualys by 17.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after buying an additional 408 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of Qualys by 0.6% during the 4th quarter. Stanley Laman Group Ltd. now owns 148,549 shares of the software maker’s stock worth $8,816,000 after buying an additional 866 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Qualys by 7.0% during the 4th quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the software maker’s stock worth $813,000 after buying an additional 900 shares in the last quarter. Sawgrass Asset Management LLC grew its position in shares of Qualys by 20.7% during the 4th quarter. Sawgrass Asset Management LLC now owns 6,315 shares of the software maker’s stock worth $375,000 after buying an additional 1,085 shares in the last quarter. Finally, LS Investment Advisors LLC grew its position in shares of Qualys by 32.5% during the 3rd quarter. LS Investment Advisors LLC now owns 4,471 shares of the software maker’s stock worth $232,000 after buying an additional 1,096 shares in the last quarter. 75.21% of the stock is currently owned by institutional investors.

The stock has a market capitalization of $2,373.76, a PE ratio of 65.98, a PEG ratio of 5.02 and a beta of 1.02.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Qualys had a return on equity of 17.20% and a net margin of 17.52%. The business had revenue of $62.90 million for the quarter, compared to the consensus estimate of $61.96 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. research analysts forecast that Qualys Inc will post 0.73 earnings per share for the current fiscal year.

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Qualys Company Profile

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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