Qualys, Inc. (NASDAQ:QLYS) Rating Reiterated by Imperial Capital

Imperial Capital reiterated their outperform rating on shares of Qualys, Inc. (NASDAQ:QLYS) in a research report sent to investors on Wednesday morning. They currently have a $50.00 target price on the software maker’s stock, up from their previous target price of $46.00.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Qualys from a hold rating to a buy rating and set a $47.00 price target on the stock in a research note on Thursday, July 20th. Northland Securities set a $48.00 price target on shares of Qualys and gave the stock a buy rating in a research note on Saturday, July 22nd. BidaskClub lowered shares of Qualys from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Robert W. Baird reiterated a hold rating on shares of Qualys in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated a hold rating and set a $45.00 price target on shares of Qualys in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Qualys has a consensus rating of Hold and a consensus target price of $45.25.

Shares of Qualys (NASDAQ:QLYS) opened at 44.60 on Wednesday. The stock’s 50 day moving average is $42.22 and its 200-day moving average is $39.08. Qualys has a 52 week low of $30.15 and a 52 week high of $47.50. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 43.64 and a beta of 0.93.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.08. The company had revenue of $55.30 million for the quarter, compared to analyst estimates of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities analysts anticipate that Qualys will post $0.91 earnings per share for the current year.

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In other news, Director Jeffrey P. Hank sold 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $46.10, for a total transaction of $115,250.00. Following the completion of the transaction, the director now directly owns 8,655 shares of the company’s stock, valued at $398,995.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Pace sold 12,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $44.88, for a total value of $538,560.00. Following the transaction, the director now directly owns 35,155 shares of the company’s stock, valued at $1,577,756.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,794 shares of company stock valued at $1,923,997. Corporate insiders own 30.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. OxFORD Asset Management LLP increased its position in shares of Qualys by 255.3% in the second quarter. OxFORD Asset Management LLP now owns 52,524 shares of the software maker’s stock worth $2,143,000 after buying an additional 37,739 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Qualys by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 637,482 shares of the software maker’s stock worth $26,009,000 after buying an additional 43,462 shares during the period. Renaissance Technologies LLC increased its position in shares of Qualys by 11.5% in the second quarter. Renaissance Technologies LLC now owns 1,023,000 shares of the software maker’s stock worth $41,738,000 after buying an additional 105,100 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Qualys by 107.4% in the second quarter. Parametric Portfolio Associates LLC now owns 22,988 shares of the software maker’s stock worth $938,000 after buying an additional 11,905 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Qualys during the second quarter worth about $215,000. 75.29% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

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 Qualys 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.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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