Qualys (NASDAQ:QLYS) Upgraded to “Peer Perform” at Wolfe Research

Qualys (NASDAQ:QLYS) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a research note issued on Monday,Briefing.com Automated Import reports.

Several other analysts have also recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Qualys in a report on Wednesday, November 6th. They issued a “hold” rating on the stock. Northland Securities reiterated a “market perform” rating and set a $140.00 price target (down previously from $150.00) on shares of Qualys in a research report on Wednesday, August 7th. Royal Bank of Canada increased their price target on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 6th. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Morgan Stanley upped their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Trading Down 0.7 %

QLYS stock opened at $153.99 on Monday. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47. The firm’s 50-day moving average price is $126.10 and its two-hundred day moving average price is $135.85. Qualys has a 12-month low of $119.17 and a 12-month high of $206.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. The company had revenue of $153.87 million for the quarter, compared to analysts’ expectations of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Equities analysts predict that Qualys will post 0.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction on Monday, October 7th. The stock was sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the sale, the chief financial officer now owns 85,942 shares of the company’s stock, valued at $10,501,252.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,339 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Enhancement Group LLC increased its position in Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after buying an additional 91 shares in the last quarter. Bank of Montreal Can raised its stake in Qualys by 2.2% during the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock worth $699,000 after acquiring an additional 107 shares during the period. Legacy Advisors LLC raised its stake in Qualys by 1.4% during the 2nd quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after acquiring an additional 113 shares during the period. Advisors Asset Management Inc. lifted its holdings in Qualys by 8.1% during the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock valued at $281,000 after purchasing an additional 126 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Qualys by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock worth $6,622,000 after purchasing an additional 127 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.