Qualys (NASDAQ:QLYS) Now Covered by FBN Securities

FBN Securities assumed coverage on shares of Qualys (NASDAQ:QLYS) in a report released on Monday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $100.00 price target on the software maker’s stock. FBN Securities’ target price indicates a potential upside of 11.57% from the company’s previous close.

QLYS has been the subject of a number of other reports. Nomura boosted their target price on Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Royal Bank of Canada set a $42.00 target price on Devon Energy and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine lowered USD Partners from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Morgan Stanley boosted their price target on Zynga and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, Summit Redstone lowered Qualys to a “hold” rating and set a $85.00 price target on the stock. in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.24.

NASDAQ:QLYS opened at $89.63 on Monday. Qualys has a 1 year low of $65.93 and a 1 year high of $98.30. The firm has a market capitalization of $3.50 billion, a PE ratio of 75.32 and a beta of 1.36. The firm has a 50-day simple moving average of $87.44.

Qualys (NASDAQ:QLYS) last posted its earnings results on Wednesday, May 1st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.09). Qualys had a net margin of 21.23% and a return on equity of 15.51%. The business had revenue of $75.34 million during the quarter, compared to analyst estimates of $74.92 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. As a group, equities analysts predict that Qualys will post 1.34 earnings per share for the current year.

In related news, VP Bruce K. Posey sold 3,000 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $87.27, for a total transaction of $261,810.00. Following the sale, the vice president now owns 62,972 shares in the company, valued at $5,495,566.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Pace sold 22,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $89.87, for a total value of $2,022,075.00. Following the sale, the director now owns 30,243 shares in the company, valued at approximately $2,717,938.41. The disclosure for this sale can be found here. Insiders have sold 57,497 shares of company stock worth $5,060,930 in the last quarter. 17.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QLYS. FTB Advisors Inc. raised its holdings in Qualys by 51.0% during the first quarter. FTB Advisors Inc. now owns 379 shares of the software maker’s stock worth $31,000 after acquiring an additional 128 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Qualys by 43.9% during the first quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock worth $45,000 after buying an additional 165 shares during the last quarter. Sontag Advisory LLC acquired a new position in Qualys during the fourth quarter worth approximately $48,000. SevenBridge Financial Group LLC acquired a new position in Qualys during the second quarter worth approximately $50,000. Finally, Optimum Investment Advisors acquired a new position in Qualys during the first quarter worth approximately $83,000. Institutional investors and hedge funds own 85.17% of the company’s stock.

Qualys Company Profile

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.

Recommended Story: Rule of 72

Analyst Recommendations for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.