Qualys (NASDAQ:QLYS) received a $81.00 target price from equities researchers at Morgan Stanley in a research note issued on Friday. The firm currently has a “hold” rating on the software maker’s stock. Morgan Stanley’s target price would indicate a potential upside of 8.87% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Royal Bank of Canada increased their target price on Qualys to $90.00 and gave the stock a “positive” rating in a report on Wednesday, August 1st. They noted that the move was a valuation call. Susquehanna Bancshares increased their target price on Qualys from $65.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, August 1st. Wedbush assumed coverage on Qualys in a report on Thursday. They set an “outperform” rating and a $95.00 target price for the company. Finally, Zacks Investment Research upgraded Qualys from a “strong sell” rating to a “strong-buy” rating and set a $99.00 target price for the company in a report on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $85.67.
QLYS stock opened at $74.40 on Friday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 68.89 and a beta of 1.13. Qualys has a 1 year low of $50.90 and a 1 year high of $98.30.
Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The firm had revenue of $68.15 million during the quarter, compared to analysts’ expectations of $67.13 million. Qualys had a return on equity of 12.70% and a net margin of 12.04%. On average, equities analysts forecast that Qualys will post 0.85 earnings per share for the current year.
In other news, insider Sumedh S. Thakar sold 3,825 shares of the stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $75.73, for a total transaction of $289,667.25. Following the completion of the transaction, the insider now directly owns 162,227 shares in the company, valued at approximately $12,285,450.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $88.49, for a total transaction of $176,980.00. Following the transaction, the vice president now owns 37,548 shares of the company’s stock, valued at $3,322,622.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 294,641 shares of company stock valued at $25,564,932. Company insiders own 18.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of QLYS. Congress Asset Management Co. MA acquired a new position in shares of Qualys during the 2nd quarter worth about $70,892,000. BlackRock Inc. lifted its stake in Qualys by 11.3% in the 2nd 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. Legal & General Group Plc lifted its stake in Qualys by 413.6% in the 1st quarter. Legal & General Group Plc now owns 328,559 shares of the software maker’s stock valued at $23,867,000 after purchasing an additional 264,587 shares during the last quarter. First Trust Advisors LP lifted its stake in Qualys by 52.4% in the 2nd quarter. First Trust Advisors LP now owns 310,684 shares of the software maker’s stock valued at $26,191,000 after purchasing an additional 106,767 shares during the last quarter. Finally, Redwood Investments LLC lifted its stake in Qualys by 74.7% in the 2nd quarter. Redwood Investments LLC now owns 238,825 shares of the software maker’s stock valued at $20,133,000 after purchasing an additional 102,105 shares during the last quarter. Institutional investors own 82.10% of the company’s stock.
Qualys Company Profile
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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