Qualys (NASDAQ:QLYS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other equities research analysts have also commented on QLYS. First Analysis raised shares of Qualys from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $82.00 to $110.00 in a research report on Thursday, June 14th. Needham & Company LLC upped their price target on shares of Qualys from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. Morgan Stanley upped their price target on shares of Qualys from $74.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, June 14th. Stifel Nicolaus upped their price target on shares of Qualys from $75.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, June 15th. Finally, Zacks Investment Research raised shares of Qualys from a “strong sell” rating to a “strong-buy” rating and set a $99.00 price target for the company in a research report on Wednesday, July 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Qualys presently has a consensus rating of “Buy” and an average price target of $85.07.
QLYS traded up $2.86 during midday trading on Thursday, hitting $73.56. 413,971 shares of the company traded hands, compared to its average volume of 326,602. The stock has a market capitalization of $3.47 billion, a P/E ratio of 81.73 and a beta of 1.13. Qualys has a 52 week low of $50.35 and a 52 week high of $98.30.
Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The firm had revenue of $68.15 million during the quarter, compared to analyst estimates of $67.13 million. Research analysts forecast that Qualys will post 0.85 earnings per share for the current fiscal year.
In related news, Chairman Philippe F. Courtot sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $85.33, for a total value of $1,706,600.00. Following the completion of the sale, the chairman now directly owns 5,438,092 shares of the company’s stock, valued at approximately $464,032,390.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sumedh S. Thakar sold 3,825 shares of the stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $75.73, for a total transaction of $289,667.25. Following the completion of the sale, the insider now directly owns 162,227 shares of the company’s stock, valued at $12,285,450.71. The disclosure for this sale can be found here. Insiders sold a total of 294,641 shares of company stock valued at $25,564,932 over the last three months. 18.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new stake in Qualys in the 3rd quarter worth approximately $239,000. Fox Run Management L.L.C. purchased a new stake in Qualys in the 3rd quarter worth approximately $473,000. Northern Trust Corp increased its holdings in Qualys by 5.1% in the 2nd quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock worth $38,086,000 after acquiring an additional 22,051 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Qualys by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 400,980 shares of the software maker’s stock worth $33,803,000 after acquiring an additional 17,857 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Qualys by 342.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 20,488 shares of the software maker’s stock worth $1,727,000 after acquiring an additional 15,856 shares in the last quarter. 82.15% of the stock is owned by institutional investors.
Qualys Company Profile
Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.
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