Qualys, Inc. (QLYS) Receives $54.36 Average Price Target from Analysts

Qualys, Inc. (NASDAQ:QLYS) has been assigned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $54.36.

A number of research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $70.00 target price (up previously from $65.00) on shares of Qualys in a report on Wednesday, November 1st. Northland Securities set a $48.00 target price on Qualys and gave the company a “buy” rating in a report on Wednesday, October 18th. Summit Redstone raised Qualys from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a report on Wednesday, November 1st. KeyCorp reissued a “hold” rating on shares of Qualys in a report on Friday, October 27th. Finally, Robert W. Baird reissued a “hold” rating and set a $61.00 price objective on shares of Qualys in a report on Wednesday, November 1st.

Qualys (QLYS) traded down $0.05 during mid-day trading on Thursday, reaching $56.40. The company’s stock had a trading volume of 186,384 shares, compared to its average volume of 291,241. The stock has a market cap of $2,227.77, a price-to-earnings ratio of 53.41, a PEG ratio of 5.29 and a beta of 0.87. Qualys has a 1-year low of $30.60 and a 1-year high of $62.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $59.49 million during the quarter, compared to analyst estimates of $58.59 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. sell-side analysts predict that Qualys will post 0.65 earnings per share for the current fiscal year.

In related news, insider Sumedh S. Thakar sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $50.22, for a total value of $602,640.00. Following the completion of the sale, the insider now owns 132,051 shares in the company, valued at approximately $6,631,601.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Philippe F. Courtot sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $56.74, for a total value of $1,134,800.00. Following the completion of the sale, the chief executive officer now owns 5,564,435 shares of the company’s stock, valued at approximately $315,726,041.90. The disclosure for this sale can be found here. Insiders have sold 577,916 shares of company stock valued at $33,591,246 in the last three months. 20.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in QLYS. ETF Managers Group LLC bought a new stake in Qualys in the 2nd quarter worth approximately $41,523,000. Neuberger Berman Group LLC lifted its position in Qualys by 23.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock worth $145,164,000 after buying an additional 538,305 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in Qualys by 307.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 430,000 shares of the software maker’s stock worth $18,060,000 after buying an additional 324,500 shares during the last quarter. BlackRock Inc. lifted its position in Qualys by 7.3% in the 2nd quarter. BlackRock Inc. now owns 3,610,674 shares of the software maker’s stock worth $147,317,000 after buying an additional 245,550 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Qualys by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 1,544,215 shares of the software maker’s stock worth $58,527,000 after buying an additional 115,150 shares during the last quarter. Institutional investors own 75.37% of the company’s stock.

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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.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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