Today, Qualys Inc. (QLYS) PT Raised to $40.00 at Imperial Capital

Today, Qualys Inc. (QLYS) PT Raised to $40.00 at Imperial Capital
Qualys Inc. (NASDAQ:QLYS) had its target price upped by equities research analysts at Imperial Capital from $38.00 to $40.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. Imperial Capital’s price target suggests a potential upside of 14.78% from the stock’s previous close.

A number of other equities analysts also recently issued reports on QLYS. Summit Redstone reiterated a “hold” rating and set a $30.00 price target on shares of Qualys in a research report on Friday, July 22nd. Summit Research reiterated a “hold” rating and set a $30.00 price target on shares of Qualys in a research report on Friday, July 22nd. TheStreet upgraded Qualys from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Wunderlich increased their price target on Qualys from $26.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, August 9th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Qualys has a consensus rating of “Buy” and a consensus target price of $35.75.

Qualys (NASDAQ:QLYS) traded up 0.72% during trading on Tuesday, hitting $34.85. The stock had a trading volume of 87,344 shares. Qualys has a 12 month low of $16.96 and a 12 month high of $39.74. The company’s 50 day moving average is $36.56 and its 200-day moving average is $33.51. The company has a market cap of $1.24 billion, a PE ratio of 69.70 and a beta of 1.09.

Qualys (NASDAQ:QLYS) last posted its earnings results on Thursday, November 3rd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $51 million for the quarter, compared to analyst estimates of $50.74 million. Qualys had a return on equity of 8.79% and a net margin of 9.86%. Qualys’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. On average, equities research analysts predict that Qualys will post $0.81 earnings per share for the current year.

In other Qualys news, insider Sumedh S. Thakar sold 1,600 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $38.76, for a total transaction of $62,016.00. Following the completion of the sale, the insider now owns 57,335 shares of the company’s stock, valued at $2,222,304.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Philippe F. Courtot sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $34.32, for a total value of $1,029,600.00. Following the sale, the chairman now directly owns 5,262,542 shares of the company’s stock, valued at approximately $180,610,441.44. The disclosure for this sale can be found here. Corporate insiders own 30.20% of the company’s stock.

A number of large investors have recently bought and sold shares of QLYS. Teacher Retirement System of Texas boosted its stake in Qualys by 30.7% in the second quarter. Teacher Retirement System of Texas now owns 3,846 shares of the company’s stock valued at $115,000 after buying an additional 904 shares during the period. DIAM Co. Ltd. acquired a new stake in Qualys during the third quarter valued at about $136,000. Royal Bank of Canada boosted its stake in Qualys by 22.1% in the second quarter. Royal Bank of Canada now owns 4,632 shares of the company’s stock valued at $138,000 after buying an additional 838 shares during the period. Mason Street Advisors LLC acquired a new stake in Qualys during the second quarter valued at about $142,000. Finally, Mizuho Asset Management Co. Ltd. acquired a new stake in Qualys during the second quarter valued at about $200,000. 74.66% of the stock is owned by institutional investors.

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