Qualys, Inc. (NASDAQ:QLYS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Qualys, Inc. (NASDAQ:QLYS) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $147.83.

Several research firms have recently commented on QLYS. DA Davidson raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, August 5th. UBS Group lowered their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th.

Qualys Stock Up 0.2 %

Shares of NASDAQ:QLYS opened at $126.46 on Tuesday. The business has a 50 day moving average price of $132.04 and a 200 day moving average price of $146.82. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 29.27 and a beta of 0.46. Qualys has a twelve month low of $119.32 and a twelve month high of $206.35.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. Analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insider Buying and Selling at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $135.14, for a total value of $179,736.20. Following the completion of the sale, the insider now directly owns 59,286 shares in the company, valued at approximately $8,011,910.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Joo Mi Kim sold 634 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $144.75, for a total transaction of $91,771.50. Following the completion of the sale, the chief financial officer now owns 90,745 shares in the company, valued at $13,135,338.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $135.14, for a total value of $179,736.20. Following the transaction, the insider now owns 59,286 shares in the company, valued at approximately $8,011,910.04. The disclosure for this sale can be found here. Insiders sold a total of 11,535 shares of company stock worth $1,624,105 over the last quarter. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Qualys

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Qualys by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares in the last quarter. Boston Trust Walden Corp increased its stake in Qualys by 9.8% during the 2nd quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock worth $115,365,000 after acquiring an additional 72,261 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Qualys by 50.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after acquiring an additional 169,293 shares during the period. Renaissance Technologies LLC raised its holdings in Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock valued at $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after acquiring an additional 3,357 shares during the period. Institutional investors own 99.31% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.