Qualys Inc (NASDAQ:QLYS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $72.25 and last traded at $72.25, with a volume of 489300 shares. The stock had previously closed at $71.20.
Several equities analysts recently commented on the company. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Qualys in a research report on Wednesday, November 1st. Northland Securities set a $70.00 price target on Qualys and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 1st. Finally, KeyCorp reissued a “hold” rating on shares of Qualys in a research report on Friday, October 27th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $64.83.
The company has a market capitalization of $2,739.69, a PE ratio of 70.83, a PEG ratio of 4.94 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, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. Qualys had a return on equity of 16.69% and a net margin of 17.52%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. analysts anticipate that Qualys Inc will post 0.86 earnings per share for the current fiscal year.
Qualys announced that its board has initiated a stock buyback plan on Monday, February 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the software maker to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
In related news, VP Bruce K. Posey sold 28,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $67.51, for a total transaction of $1,890,280.00. Following the completion of the transaction, the vice president now directly owns 60,997 shares in the company, valued at approximately $4,117,907.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sumedh S. Thakar sold 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $58.84, for a total value of $117,680.00. Following the transaction, the insider now owns 186,436 shares of the company’s stock, valued at $10,969,894.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 239,280 shares of company stock worth $14,644,656. Corporate insiders own 20.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Pier 88 Investment Partners LLC grew its stake in Qualys by 62.8% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 10,633 shares of the software maker’s stock worth $551,000 after buying an additional 4,100 shares during the last quarter. State Street Corp grew its stake in Qualys by 12.9% during the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after buying an additional 82,251 shares during the last quarter. Prudential Financial Inc. grew its stake in Qualys by 3.8% during the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after buying an additional 1,920 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Qualys by 9.9% in the third quarter. Legal & General Group Plc now owns 63,344 shares of the software maker’s stock worth $3,282,000 after purchasing an additional 5,680 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in shares of Qualys in the fourth quarter worth $1,769,000. Hedge funds and other institutional investors own 75.03% of the company’s stock.
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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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