Morgan Stanley cut shares of Qualys, Inc. (NASDAQ:QLYS) from an overweight rating to an equal weight rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. Morgan Stanley currently has $51.00 price objective on the software maker’s stock.
A number of other equities research analysts have also issued reports on the company. Imperial Capital reaffirmed an outperform rating and issued a $50.00 target price (up previously from $46.00) on shares of Qualys in a research note on Wednesday, August 9th. J P Morgan Chase & Co raised Qualys from a neutral rating to an overweight rating and upped their target price for the company from $40.00 to $55.00 in a research note on Thursday, August 3rd. Zacks Investment Research lowered Qualys from a hold rating to a sell rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a hold rating and issued a $45.00 target price on shares of Qualys in a research note on Monday, July 31st. Finally, Robert W. Baird set a $42.00 target price on Qualys and gave the company a hold rating in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Qualys has a consensus rating of Hold and a consensus price target of $45.55.
Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. During the same quarter in the prior year, the company earned $0.20 EPS. Qualys’s revenue was up 14.3% on a year-over-year basis.
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In other Qualys news, Director Jeffrey P. Hank sold 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $46.10, for a total value of $115,250.00. Following the completion of the transaction, the director now directly owns 8,655 shares in the company, valued at approximately $398,995.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 7,694 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $46.31, for a total value of $356,309.14. Following the sale, the insider now owns 128,756 shares of the company’s stock, valued at $5,962,690.36. The disclosure for this sale can be found here. Insiders sold a total of 67,908 shares of company stock valued at $3,231,668 over the last quarter. 30.20% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Qualys during the 2nd quarter worth $103,000. Ameritas Investment Partners Inc. increased its holdings in shares of Qualys by 17.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after buying an additional 408 shares during the last quarter. US Bancorp DE increased its holdings in shares of Qualys by 448.8% during the 1st quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after buying an additional 3,061 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Qualys by 131.6% during the 1st quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after buying an additional 2,186 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of Qualys by 2.9% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 73.57% of the company’s stock.
Qualys Company Profile
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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