Qualys (NASDAQ:QLYS) Lowered to Hold at BidaskClub

Qualys (NASDAQ:QLYS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, May 8th.

Several other equities research analysts have also commented on QLYS. Morgan Stanley set a $65.00 price objective on shares of Qualys and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Wells Fargo set a $62.00 target price on shares of Qualys and gave the stock a “hold” rating in a report on Tuesday, February 13th. JPMorgan Chase lifted their target price on shares of Qualys from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $67.00 target price on shares of Qualys in a report on Tuesday, February 13th. Finally, Northland Securities set a $70.00 target price on shares of Qualys and gave the stock a “buy” rating in a report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $71.15.

NASDAQ:QLYS traded up $0.65 during mid-day trading on Tuesday, hitting $77.60. 1,289 shares of the company’s stock were exchanged, compared to its average volume of 296,411. Qualys has a one year low of $76.30 and a one year high of $76.95. The firm has a market capitalization of $2.98 billion, a P/E ratio of 85.50, a PEG ratio of 11.67 and a beta of 0.87.



Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, May 1st. The software maker reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Qualys had a net margin of 11.40% and a return on equity of 11.88%. The business had revenue of $64.90 million for the quarter, compared to analyst estimates of $63.88 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Qualys’s quarterly revenue was up 22.2% on a year-over-year basis. analysts anticipate that Qualys will post 0.86 earnings per share for the current year.

Qualys declared that its board has authorized a stock repurchase plan on Monday, February 12th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $74.58, for a total transaction of $149,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Pace sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $75.68, for a total transaction of $2,270,400.00. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $3,021,900 over the last three months. 20.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new stake in Qualys during the third quarter valued at approximately $335,000. Louisiana State Employees Retirement System increased its holdings in Qualys by 7.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the software maker’s stock valued at $813,000 after buying an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Qualys by 6.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 149,393 shares of the software maker’s stock valued at $8,867,000 after buying an additional 9,191 shares during the last quarter. Syntal Capital Partners LLC increased its holdings in Qualys by 78.3% during the fourth quarter. Syntal Capital Partners LLC now owns 27,225 shares of the software maker’s stock valued at $1,615,000 after buying an additional 11,954 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Qualys during the fourth quarter valued at approximately $154,000. 78.87% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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