Qualys Inc (NASDAQ:QLYS) Receives $95.50 Average Price Target from Analysts

Qualys Inc (NASDAQ:QLYS) has earned an average rating of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $95.50.

Several equities research analysts recently commented on the company. Northland Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Qualys in a research note on Thursday, May 2nd. ValuEngine cut Qualys from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Wedbush reaffirmed an “outperform” rating and set a $102.00 target price (up previously from $95.00) on shares of Qualys in a research note on Thursday, May 2nd. Royal Bank of Canada raised their target price on Qualys to $90.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus decreased their target price on Qualys from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, August 1st.

In other Qualys news, VP Bruce K. Posey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $88.61, for a total value of $177,220.00. Following the completion of the sale, the vice president now owns 61,972 shares of the company’s stock, valued at $5,491,338.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey P. Hank sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $82.34, for a total value of $107,042.00. Following the completion of the sale, the director now directly owns 10,114 shares of the company’s stock, valued at approximately $832,786.76. The disclosure for this sale can be found here. Insiders sold 24,445 shares of company stock valued at $2,102,022 in the last three months. Insiders own 17.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in QLYS. FTB Advisors Inc. lifted its holdings in shares of Qualys by 51.0% in the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock valued at $31,000 after purchasing an additional 128 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Qualys by 43.9% in the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after purchasing an additional 165 shares in the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Qualys in the second quarter valued at approximately $50,000. SRS Capital Advisors Inc. bought a new position in shares of Qualys in the second quarter valued at approximately $58,000. Finally, Optimum Investment Advisors bought a new position in shares of Qualys in the first quarter valued at approximately $83,000. 86.33% of the stock is owned by hedge funds and other institutional investors.

Shares of QLYS stock traded down $1.75 on Friday, hitting $82.17. The company had a trading volume of 220,079 shares, compared to its average volume of 368,698. The firm has a market cap of $3.29 billion, a P/E ratio of 69.05 and a beta of 1.33. The stock’s 50-day moving average is $86.40 and its two-hundred day moving average is $86.02. Qualys has a twelve month low of $65.93 and a twelve month high of $97.12.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, July 31st. The software maker reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The business had revenue of $78.93 million during the quarter, compared to analysts’ expectations of $78.54 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. As a group, analysts expect that Qualys will post 1.42 EPS 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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