Qualys Inc (NASDAQ:QLYS) Receives $93.44 Consensus Target Price from Brokerages

Shares of Qualys Inc (NASDAQ:QLYS) have earned an average rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $95.60.

Several analysts recently issued reports on the stock. Royal Bank of Canada restated a “hold” rating and issued a $90.00 price objective on shares of Qualys in a report on Sunday, February 9th. Wedbush increased their price objective on Qualys from $102.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of Qualys in a research note on Thursday, November 21st. Robert W. Baird raised their price objective on Qualys from $90.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Qualys from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 1st.

In related news, Director Jeffrey P. Hank sold 11,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $84.02, for a total value of $945,225.00. Following the transaction, the director now owns 20,964 shares in the company, valued at $1,761,395.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sumedh S. Thakar sold 3,728 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $84.14, for a total transaction of $313,673.92. Following the completion of the transaction, the insider now owns 226,426 shares in the company, valued at approximately $19,051,483.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,086 shares of company stock valued at $2,407,427. 17.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its holdings in Qualys by 42.0% in the 4th quarter. FMR LLC now owns 544 shares of the software maker’s stock worth $46,000 after acquiring an additional 161 shares during the last quarter. First Quadrant L P CA acquired a new stake in Qualys in the 4th quarter valued at $53,000. Huntington National Bank boosted its stake in Qualys by 223.8% during the 4th quarter. Huntington National Bank now owns 842 shares of the software maker’s stock worth $70,000 after purchasing an additional 582 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Qualys by 57.5% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,041 shares of the software maker’s stock worth $79,000 after purchasing an additional 380 shares during the last quarter. Finally, Squar Milner Financial Services LLC boosted its stake in Qualys by 236.4% during the 4th quarter. Squar Milner Financial Services LLC now owns 999 shares of the software maker’s stock worth $83,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 86.85% of the company’s stock.

Shares of QLYS traded up $2.36 during mid-day trading on Friday, reaching $92.44. The stock had a trading volume of 408,136 shares, compared to its average volume of 296,254. Qualys has a 12 month low of $72.76 and a 12 month high of $95.99. The business has a fifty day moving average of $85.73 and a 200 day moving average of $83.11. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 60.42 and a beta of 1.36.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.23. The company had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $84.68 million. Qualys had a net margin of 20.27% and a return on equity of 18.15%. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities analysts anticipate that Qualys will post 1.64 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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