Qualys (NASDAQ:QLYS) had its price objective raised by stock analysts at Imperial Capital from $62.00 to $83.00 in a research report issued on Thursday. The brokerage presently has an “outperform” rating on the software maker’s stock. Imperial Capital’s price objective would indicate a potential upside of 15.04% from the stock’s current price.
A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Tuesday, December 12th. Robert W. Baird reiterated a “hold” rating and set a $61.00 price objective on shares of Qualys in a research note on Wednesday, November 1st. Summit Redstone upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Saturday, November 4th. Finally, BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Qualys has an average rating of “Buy” and an average price target of $67.58.
Qualys (NASDAQ QLYS) opened at $72.15 on Thursday. Qualys has a 12 month low of $33.75 and a 12 month high of $73.80. The company has a market cap of $2,739.69, a P/E ratio of 70.74, a P/E/G ratio of 4.94 and a beta of 1.02.
Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Qualys had a net margin of 17.52% and a return on equity of 16.69%. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. research analysts expect that Qualys will post 0.86 earnings per share for the current fiscal year.
Qualys announced that its Board of Directors has authorized a share buyback program on Monday, February 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the software maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, Chairman Philippe F. Courtot sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $60.97, for a total value of $2,438,800.00. Following the completion of the transaction, the chairman now owns 5,564,435 shares of the company’s stock, valued at approximately $339,263,601.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $58.40, for a total transaction of $116,800.00. Following the completion of the transaction, the vice president now directly owns 66,644 shares of the company’s stock, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. Insiders have sold 209,280 shares of company stock valued at $12,940,556 over the last 90 days. 20.90% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Qualys by 12.9% in the 2nd quarter. State Street Corp now owns 721,149 shares of the software maker’s stock worth $29,421,000 after purchasing an additional 82,251 shares during the period. Prudential Financial Inc. boosted its stake in Qualys by 3.8% in the 3rd quarter. Prudential Financial Inc. now owns 52,590 shares of the software maker’s stock worth $2,724,000 after purchasing an additional 1,920 shares during the period. Legal & General Group Plc boosted its stake in Qualys by 9.9% in the 3rd 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 during the period. James Investment Research Inc. acquired a new position in Qualys in the 4th quarter worth approximately $1,769,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Qualys by 8.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 140,202 shares of the software maker’s stock worth $7,263,000 after purchasing an additional 10,690 shares during the period. 75.03% of the stock is owned by hedge funds and other institutional investors.
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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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