Published On: Sat, Sep 17th, 2016

Qualys Inc. (QLYS) Stock Rating Upgraded by Wunderlich

Qualys Inc. (NASDAQ:QLYS) was upgraded by equities researchers at Wunderlich from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $43.00 price target on the stock, up from their previous price target of $31.00. Wunderlich’s target price suggests a potential upside of 17.61% from the company’s previous close.
Several other research analysts also recently commented on QLYS. Summit Research restated a “hold” rating and set a $30.00 price objective on shares of Qualys in a research report on Friday, July 22nd. Pacific Crest reiterated a “hold” rating on shares of Qualys in a report on Sunday, May 22nd. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, June 30th. First Analysis upped their price target on shares of Qualys from $36.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, September 12th. Finally, TheStreet upgraded shares of Qualys from a “hold” rating to a “buy” rating in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.84.
Qualys (NASDAQ:QLYS) traded up 2.58% on Tuesday, hitting $36.56. The stock had a trading volume of 869,404 shares. Qualys has a 12-month low of $16.96 and a 12-month high of $39.74. The company has a market capitalization of $1.29 billion, a PE ratio of 76.17 and a beta of 1.10. The company has a 50 day moving average of $33.73 and a 200 day moving average of $29.51.

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Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Qualys had a net margin of 9.84% and a return on equity of 8.28%. The business earned $48.50 million during the quarter, compared to the consensus estimate of $48.01 million. During the same period in the previous year, the business earned $0.16 earnings per share. The company’s revenue was up 21.3% on a year-over-year basis. On average, equities analysts expect that Qualys will post $0.79 earnings per share for the current year.
In other news, VP Amer Deeba sold 2,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $32.10, for a total transaction of $64,200.00. Following the transaction, the vice president now owns 60,293 shares of the company’s stock, valued at approximately $1,935,405.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 3,825 shares of the stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $31.08, for a total transaction of $118,881.00. Following the transaction, the insider now directly owns 59,560 shares in the company, valued at approximately $1,851,124.80. The disclosure for this sale can be found here. Insiders own 30.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in Qualys by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,616,151 shares of the company’s stock worth $48,177,000 after buying an additional 97,292 shares during the period. Vanguard Group Inc. raised its stake in Qualys by 10.2% in the second quarter. Vanguard Group Inc. now owns 1,222,605 shares of the company’s stock worth $36,446,000 after buying an additional 113,615 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Qualys by 5.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 628,653 shares of the company’s stock worth $18,740,000 after buying an additional 29,679 shares in the last quarter. State Street Corp raised its stake in Qualys by 17.1% in the second quarter. State Street Corp now owns 525,112 shares of the company’s stock worth $15,658,000 after buying an additional 76,845 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Qualys by 11.2% in the second quarter. Dimensional Fund Advisors LP now owns 367,750 shares of the company’s stock worth $10,963,000 after buying an additional 37,094 shares in the last quarter. 70.14% of the stock is currently owned by institutional investors.
About Qualys
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 QualysGuard 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.

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