Qualys (NASDAQ:QLYS) Stock Rating Upgraded by Wall Street Zen

Qualys (NASDAQ:QLYS) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

QLYS has been the topic of several other reports. Zacks Research upgraded shares of Qualys to a “strong-buy” rating in a research note on Monday, August 11th. DA Davidson upped their price target on shares of Qualys from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wedbush upped their price target on shares of Qualys from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Royal Bank Of Canada upped their price target on shares of Qualys from $131.00 to $140.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. Finally, UBS Group increased their price objective on shares of Qualys from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.00.

Qualys Price Performance

Shares of QLYS opened at $129.15 on Friday. The firm has a market capitalization of $4.66 billion, a PE ratio of 25.78 and a beta of 0.56. The company’s 50-day moving average is $138.30 and its 200-day moving average is $133.79. Qualys has a fifty-two week low of $112.61 and a fifty-two week high of $170.00.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, August 5th. The software maker reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.21. Qualys had a net margin of 29.04% and a return on equity of 37.19%. The company had revenue of $164.06 million for the quarter, compared to analyst estimates of $161.25 million. During the same period in the prior year, the firm earned $1.52 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. Analysts predict that Qualys will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, Director Jeffrey P. Hank sold 657 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $139.07, for a total transaction of $91,368.99. Following the completion of the transaction, the director owned 13,888 shares in the company, valued at approximately $1,931,404.16. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joo Mi Kim sold 1,018 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $132.26, for a total transaction of $134,640.68. Following the transaction, the chief financial officer owned 94,468 shares of the company’s stock, valued at approximately $12,494,337.68. The trade was a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,385 shares of company stock worth $7,294,315 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QLYS. AQR Capital Management LLC raised its holdings in Qualys by 96.8% during the 1st quarter. AQR Capital Management LLC now owns 688,776 shares of the software maker’s stock worth $85,394,000 after purchasing an additional 338,702 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Qualys by 92.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker’s stock worth $81,003,000 after purchasing an additional 308,635 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Qualys during the 4th quarter worth approximately $27,086,000. Penserra Capital Management LLC raised its holdings in Qualys by 53.3% during the 1st quarter. Penserra Capital Management LLC now owns 499,084 shares of the software maker’s stock worth $62,849,000 after purchasing an additional 173,512 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Qualys by 43,505.0% during the 1st quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock worth $15,430,000 after buying an additional 122,249 shares during the period. Institutional investors own 99.31% of the company’s stock.

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.