Qualys (NASDAQ:QLYS) has been given a $100.00 price objective by stock analysts at Northland Securities in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the software maker’s stock. Northland Securities’ price objective points to a potential upside of 25.13% from the company’s previous close.
Several other research analysts also recently weighed in on the stock. Robert W. Baird set a $100.00 target price on shares of Qualys and gave the company a “hold” rating in a research note on Sunday. BidaskClub downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. ValuEngine downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Rosenblatt Securities assumed coverage on shares of Qualys in a research note on Monday, September 9th. They issued a “hold” rating and a $85.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of Qualys from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $94.65.
Shares of Qualys stock traded down $0.64 during trading hours on Friday, hitting $79.92. The company’s stock had a trading volume of 145,052 shares, compared to its average volume of 286,987. Qualys has a 1-year low of $65.93 and a 1-year high of $97.12. The business has a fifty day moving average of $83.07 and a 200 day moving average of $85.29. The company has a market capitalization of $3.16 billion, a PE ratio of 67.16 and a beta of 1.38.
Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Qualys had a net margin of 22.45% and a return on equity of 16.53%. The company had revenue of $78.93 million during the quarter, compared to analyst estimates of $78.54 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Analysts anticipate that Qualys will post 1.42 EPS for the current year.
In other Qualys news, VP Bruce K. Posey sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $87.27, for a total value of $261,810.00. Following the completion of the transaction, the vice president now directly owns 62,972 shares in the company, valued at $5,495,566.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Melissa B. Fisher sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $87.22, for a total transaction of $130,830.00. Following the completion of the transaction, the chief financial officer now owns 150,629 shares of the company’s stock, valued at $13,137,861.38. The disclosure for this sale can be found here. Insiders sold a total of 21,152 shares of company stock worth $1,773,751 in the last ninety days. Corporate insiders own 17.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Qualys by 1.6% during the second quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock valued at $442,532,000 after acquiring an additional 82,375 shares in the last quarter. William Blair Investment Management LLC increased its position in Qualys by 75.8% during the second quarter. William Blair Investment Management LLC now owns 1,265,817 shares of the software maker’s stock worth $110,227,000 after acquiring an additional 545,806 shares during the period. Clearbridge Investments LLC increased its position in Qualys by 9.7% during the first quarter. Clearbridge Investments LLC now owns 1,155,411 shares of the software maker’s stock worth $95,599,000 after acquiring an additional 102,395 shares during the period. Champlain Investment Partners LLC increased its position in Qualys by 1.2% during the first quarter. Champlain Investment Partners LLC now owns 916,935 shares of the software maker’s stock worth $75,867,000 after acquiring an additional 10,910 shares during the period. Finally, DF Dent & Co. Inc. increased its position in Qualys by 1.5% during the second quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock worth $54,611,000 after acquiring an additional 9,072 shares during the period. 84.69% of the stock is currently owned by hedge funds and other institutional investors.
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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