Qualys Inc (NASDAQ:QLYS) – Analysts at KeyCorp boosted their Q3 2019 EPS estimates for shares of Qualys in a research report issued on Wednesday, July 31st, according to Zacks Investment Research. KeyCorp analyst R. Owens now expects that the software maker will post earnings of $0.39 per share for the quarter, up from their prior forecast of $0.34.
A number of other research firms have also recently weighed in on QLYS. Northland Securities restated a “buy” rating and set a $100.00 target price on shares of Qualys in a research note on Thursday, May 2nd. Stifel Nicolaus lowered their target price on shares of Qualys from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, August 1st. JMP Securities lifted their target price on shares of Qualys from $85.00 to $100.00 and gave the company a “market outperform” rating in a research note on Thursday, May 2nd. Nomura began coverage on shares of Qualys in a research note on Friday, June 28th. They set a “buy” rating and a $108.00 target price on the stock. Finally, FBN Securities began coverage on shares of Qualys in a research note on Monday, July 15th. They set an “outperform” rating and a $100.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $95.06.
QLYS opened at $84.10 on Monday. Qualys has a fifty-two week low of $65.93 and a fifty-two week high of $97.12. The firm’s fifty day moving average is $86.71 and its 200 day moving average is $86.11. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 70.67 and a beta of 1.33.
Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, July 31st. The software maker reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $78.93 million for the quarter, compared to analysts’ expectations of $78.54 million. Qualys had a net margin of 22.45% and a return on equity of 16.53%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS.
In other Qualys news, VP Bruce K. Posey sold 2,000 shares of Qualys stock in a transaction on Monday, June 10th. The shares were sold at an average price of $88.61, for a total value of $177,220.00. Following the sale, the vice president now directly owns 61,972 shares in the company, valued at approximately $5,491,338.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey P. Hank sold 1,300 shares of Qualys stock in a transaction on Monday, August 12th. The shares were sold at an average price of $82.34, for a total transaction of $107,042.00. Following the completion of the sale, the director now owns 10,114 shares in the company, valued at $832,786.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,445 shares of company stock worth $2,102,022. 17.30% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Qualys by 6.9% in the 2nd quarter. Royal Bank of Canada now owns 45,161 shares of the software maker’s stock valued at $3,933,000 after buying an additional 2,896 shares during the period. DF Dent & Co. Inc. boosted its position in Qualys by 1.5% in the 2nd quarter. DF Dent & Co. Inc. now owns 627,134 shares of the software maker’s stock valued at $54,611,000 after buying an additional 9,072 shares during the period. Nuveen Asset Management LLC purchased a new stake in Qualys in the 2nd quarter valued at about $16,375,000. UBS Asset Management Americas Inc. boosted its position in Qualys by 14.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,722 shares of the software maker’s stock valued at $2,414,000 after buying an additional 3,513 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Qualys by 169.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 16,686 shares of the software maker’s stock valued at $1,453,000 after buying an additional 10,497 shares during the period. Hedge funds and other institutional investors own 86.33% of the company’s stock.
About Qualys
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.