Finally Time For Investors to Buy? Summit Redstone Partners Upgrades Qualys (NASDAQ:QLYS), With $65.0 Target

January 23, 2018 - By Adrian Erickson

  Finally Time For Investors to Buy? Summit Redstone Partners Upgrades Qualys (NASDAQ:QLYS), With $65.0 Target

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.19, from 1.44 in 2017Q2. It is positive, as 15 investors sold Qualys, Inc. shares while 42 reduced holdings. 32 funds opened positions while 61 raised stakes. 27.02 million shares or 3.61% more from 26.08 million shares in 2017Q2 were reported.

Gotham Asset Limited Co reported 32,373 shares. Louisiana State Employees Retirement System reported 0.03% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Nelson Roberts Investment Advsr Ltd Llc has invested 0.17% in Qualys, Inc. (NASDAQ:QLYS). Parametric Associates Limited Liability Co owns 24,919 shares. Riverhead Mngmt Limited Liability reported 0.01% in Qualys, Inc. (NASDAQ:QLYS). New York State Teachers Retirement invested 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Grandeur Peak Glob Limited Liability Corporation stated it has 23,825 shares or 0.19% of all its holdings. Torray Lc holds 0.07% or 12,850 shares in its portfolio. First Trust Ltd Partnership has invested 0.02% in Qualys, Inc. (NASDAQ:QLYS). Cubist Systematic Strategies Ltd Liability Company, Connecticut-based fund reported 5,300 shares. Aqr Ltd Liability Corporation owns 22,697 shares for 0% of their portfolio. Wexford Cap Ltd Partnership owns 7,300 shares. Guggenheim has invested 0.01% in Qualys, Inc. (NASDAQ:QLYS). The Texas-based Texas Permanent School Fund has invested 0.02% in Qualys, Inc. (NASDAQ:QLYS). Goodman Fin Corporation invested in 4.44% or 175,450 shares.

Since August 4, 2017, it had 0 insider buys, and 14 insider sales for $3.60 million activity. 4,714 shares were sold by Headley Todd P, worth $213,309. Deeba Amer also sold $104,320 worth of Qualys, Inc. (NASDAQ:QLYS) shares. $117,685 worth of Qualys, Inc. (NASDAQ:QLYS) was sold by Thakar Sumedh S. PACE PETER sold $538,560 worth of stock. The insider POSEY BRUCE K sold 11,000 shares worth $509,520.

Qualys (NASDAQ:QLYS) Stock Upgrade

Shares of Qualys (NASDAQ:QLYS) stock were raised to a Buy by equity analysts at Summit Redstone Partners, who now have a TP set at $65.0 on QLYS. This target is 0.62 % from QLYS’s current share price.

Investors sentiment increased to 1.63 in Q3 2017. Its up 0.19, from 1.44 in 2017Q2. It is positive, as 15 investors sold Qualys, Inc. shares while 42 reduced holdings. 32 funds opened positions while 61 raised stakes. 27.02 million shares or 3.61% more from 26.08 million shares in 2017Q2 were reported.

Gotham Asset Limited Co reported 32,373 shares. Louisiana State Employees Retirement System reported 0.03% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Nelson Roberts Investment Advsr Ltd Llc has invested 0.17% in Qualys, Inc. (NASDAQ:QLYS). Parametric Associates Limited Liability Co owns 24,919 shares. Riverhead Mngmt Limited Liability reported 0.01% in Qualys, Inc. (NASDAQ:QLYS). New York State Teachers Retirement invested 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Grandeur Peak Glob Limited Liability Corporation stated it has 23,825 shares or 0.19% of all its holdings. Torray Lc holds 0.07% or 12,850 shares in its portfolio. First Trust Ltd Partnership has invested 0.02% in Qualys, Inc. (NASDAQ:QLYS). Cubist Systematic Strategies Ltd Liability Company, Connecticut-based fund reported 5,300 shares. Aqr Ltd Liability Corporation owns 22,697 shares for 0% of their portfolio. Wexford Cap Ltd Partnership owns 7,300 shares. Guggenheim has invested 0.01% in Qualys, Inc. (NASDAQ:QLYS). The Texas-based Texas Permanent School Fund has invested 0.02% in Qualys, Inc. (NASDAQ:QLYS). Goodman Fin Corporation invested in 4.44% or 175,450 shares.

Since August 4, 2017, it had 0 insider buys, and 14 insider sales for $3.60 million activity. 4,714 shares were sold by Headley Todd P, worth $213,309. Deeba Amer also sold $104,320 worth of Qualys, Inc. (NASDAQ:QLYS) shares. $117,685 worth of Qualys, Inc. (NASDAQ:QLYS) was sold by Thakar Sumedh S. PACE PETER sold $538,560 worth of stock. The insider POSEY BRUCE K sold 11,000 shares worth $509,520.

Qualys, Inc. (NASDAQ:QLYS) Ratings Coverage

Among 22 analysts covering Qualys (NASDAQ:QLYS), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. Qualys has $70.0 highest and $25 lowest target. $46.47’s average target is -28.07% below currents $64.6 stock price. Qualys had 54 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, November 1 by JP Morgan. The stock of Qualys, Inc. (NASDAQ:QLYS) earned “Overweight” rating by Stephens on Tuesday, March 21. JP Morgan upgraded the shares of QLYS in report on Friday, November 4 to “Neutral” rating. On Tuesday, February 9 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Qualys, Inc. (NASDAQ:QLYS) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 29. The stock of Qualys, Inc. (NASDAQ:QLYS) has “Hold” rating given on Thursday, August 3 by Stifel Nicolaus. On Tuesday, November 3 the stock rating was maintained by Wunderlich with “Buy”. On Friday, July 21 the stock rating was maintained by Northland Capital with “Buy”. RBC Capital Markets maintained it with “Hold” rating and $4500 target in Sunday, July 30 report. Credit Suisse initiated the stock with “Outperform” rating in Tuesday, February 9 report.

The stock decreased 0.31% or $0.2 during the last trading session, reaching $64.6. About 158,141 shares traded. Qualys, Inc. (NASDAQ:QLYS) has risen 52.35% since January 23, 2017 and is uptrending. It has outperformed by 35.65% the S&P500.

Analysts await Qualys, Inc. (NASDAQ:QLYS) to report earnings on February, 14. They expect $0.18 earnings per share, up 20.00 % or $0.03 from last year’s $0.15 per share. QLYS’s profit will be $6.83 million for 89.72 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Qualys, Inc. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The company has market cap of $2.45 billion. The firm offers Qualys Cloud Suite, which includes Vulnerability Management, Continuous Monitoring, Cloud Agent, AssetView, ThreatPROTECT, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, Web Application Scanning, and Web Application Firewall. It has a 58.62 P/E ratio. The Company’s integrated suite of security and compliance solutions delivered on its Qualys Cloud Platform enables clients to identify their IT assets, collect and analyze IT security data, discover and prioritize vulnerabilities, recommend remediation actions, and verify the implementation of such actions.

Another recent and important Qualys, Inc. (NASDAQ:QLYS) news was published by Prnewswire.com which published an article titled: “Qualys to Report Fourth Quarter and Full Year 2017 Financial Results on Feb. 12th” on January 11, 2018.

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