Qualys (NASDAQ:QLYS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Qualys (NASDAQ:QLYSGet Rating) from a buy rating to a hold rating in a report released on Tuesday.

A number of other analysts have also commented on the company. Wolfe Research began coverage on Qualys in a research note on Monday, April 11th. They set an outperform rating and a $162.00 price objective on the stock. Zacks Investment Research raised shares of Qualys from a sell rating to a hold rating in a research note on Thursday, April 14th. Finally, Wedbush boosted their price objective on shares of Qualys from $146.00 to $160.00 and gave the company an outperform rating in a research report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $130.33.

Shares of NASDAQ QLYS opened at $117.25 on Tuesday. Qualys has a one year low of $95.00 and a one year high of $150.10. The firm has a market capitalization of $4.55 billion, a P/E ratio of 48.45 and a beta of 0.76. The company’s fifty day moving average is $135.94 and its two-hundred day moving average is $131.55.

Qualys (NASDAQ:QLYSGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The software maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. Qualys had a net margin of 22.47% and a return on equity of 22.91%. The firm had revenue of $113.40 million for the quarter, compared to the consensus estimate of $112.98 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts forecast that Qualys will post 1.66 earnings per share for the current year.

In other news, insider Bruce K. Posey sold 9,500 shares of the company’s stock in a transaction on Wednesday, April 20th. The stock was sold at an average price of $146.64, for a total transaction of $1,393,080.00. Following the completion of the sale, the insider now directly owns 69,386 shares in the company, valued at approximately $10,174,763.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sumedh S. Thakar sold 2,793 shares of the stock in a transaction on Monday, April 18th. The stock was sold at an average price of $143.64, for a total value of $401,186.52. Following the completion of the transaction, the chief executive officer now directly owns 178,185 shares in the company, valued at $25,594,493.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,693 shares of company stock valued at $5,373,624. 15.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of QLYS. Norges Bank purchased a new position in Qualys in the fourth quarter valued at approximately $30,263,000. Millennium Management LLC increased its position in shares of Qualys by 278.7% in the fourth quarter. Millennium Management LLC now owns 276,789 shares of the software maker’s stock worth $37,981,000 after acquiring an additional 203,699 shares in the last quarter. Pictet Asset Management SA raised its stake in shares of Qualys by 113.8% in the 4th quarter. Pictet Asset Management SA now owns 347,794 shares of the software maker’s stock valued at $47,724,000 after acquiring an additional 185,141 shares during the period. Bamco Inc. NY lifted its holdings in shares of Qualys by 232.1% during the 3rd quarter. Bamco Inc. NY now owns 232,500 shares of the software maker’s stock valued at $25,875,000 after acquiring an additional 162,500 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Qualys by 123.2% during the 3rd quarter. Two Sigma Advisers LP now owns 290,100 shares of the software maker’s stock worth $32,285,000 after purchasing an additional 160,100 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

About Qualys (Get Rating)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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