Qualys, Inc. (NASDAQ:QLYS) Receives Average Recommendation of “Hold” from Analysts

Qualys, Inc. (NASDAQ:QLYSGet Rating) has received an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $141.25.

QLYS has been the subject of a number of recent research reports. DA Davidson lifted their target price on Qualys to $135.00 in a report on Monday, August 15th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Royal Bank of Canada raised their price target on Qualys from $145.00 to $148.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Wolfe Research raised their price target on Qualys from $145.00 to $147.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Finally, Northland Securities raised their price target on Qualys from $138.00 to $142.00 in a research note on Tuesday, August 9th.

Qualys Trading Down 2.3 %

NASDAQ:QLYS opened at $144.79 on Friday. The firm has a market cap of $5.55 billion, a PE ratio of 56.56 and a beta of 0.61. The stock has a fifty day moving average price of $143.23 and a 200 day moving average price of $135.53. Qualys has a 12-month low of $106.48 and a 12-month high of $162.36.

Qualys (NASDAQ:QLYSGet Rating) last released its earnings results on Monday, August 8th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $119.89 million during the quarter, compared to analyst estimates of $117.52 million. Qualys had a return on equity of 24.17% and a net margin of 22.68%. Qualys’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Equities analysts forecast that Qualys will post 2.46 EPS for the current year.

Insider Transactions at Qualys

In other news, CEO Sumedh S. Thakar sold 5,576 shares of Qualys stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $155.92, for a total transaction of $869,409.92. Following the sale, the chief executive officer now owns 149,660 shares in the company, valued at $23,334,987.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Sumedh S. Thakar sold 5,576 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $155.92, for a total value of $869,409.92. Following the transaction, the chief executive officer now owns 149,660 shares in the company, valued at approximately $23,334,987.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Allan Peters sold 553 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $155.95, for a total value of $86,240.35. Following the completion of the transaction, the executive now owns 23,506 shares in the company, valued at approximately $3,665,760.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,016 shares of company stock worth $5,605,606. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Qualys by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 4,797 shares of the software maker’s stock valued at $605,000 after acquiring an additional 95 shares during the period. TownSquare Capital LLC increased its position in Qualys by 0.4% during the 1st quarter. TownSquare Capital LLC now owns 21,981 shares of the software maker’s stock worth $3,131,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Qualys by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the software maker’s stock worth $1,277,000 after purchasing an additional 100 shares in the last quarter. Securian Asset Management Inc. increased its position in Qualys by 3.4% during the 2nd quarter. Securian Asset Management Inc. now owns 3,077 shares of the software maker’s stock worth $388,000 after purchasing an additional 100 shares in the last quarter. Finally, Truist Financial Corp increased its position in Qualys by 1.5% during the 2nd quarter. Truist Financial Corp now owns 7,278 shares of the software maker’s stock worth $919,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

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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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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