What’s Ahead for Qualys, Inc. (QLYS) After Reaching 52-Week High?

April 17, 2018 - By Linda Rogers

Qualys, Inc. (NASDAQ:QLYS) Logo

Investors sentiment increased to 1.86 in 2017 Q4. Its up 0.23, from 1.63 in 2017Q3. It improved, as 17 investors sold Qualys, Inc. shares while 47 reduced holdings. 53 funds opened positions while 66 raised stakes. 28.48 million shares or 5.40% more from 27.02 million shares in 2017Q3 were reported.
Victory, Ohio-based fund reported 3,565 shares. Tiverton Asset Mgmt Ltd has invested 0.11% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Usa Portformulas reported 15,007 shares. Portolan Capital Mngmt Limited Liability Com has 1.29% invested in Qualys, Inc. (NASDAQ:QLYS). Deutsche Bancorp Ag holds 0% in Qualys, Inc. (NASDAQ:QLYS) or 88,029 shares. Eulav Asset Management invested in 0.02% or 6,400 shares. Asset Management One Ltd reported 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). Voya Invest Ltd reported 14,101 shares. Summit Creek, a Minnesota-based fund reported 99,272 shares. 79,500 were accumulated by United Serv Automobile Association. Profund Ltd Liability holds 0.01% in Qualys, Inc. (NASDAQ:QLYS) or 4,652 shares. Los Angeles Mngmt & Equity Research Inc has 0% invested in Qualys, Inc. (NASDAQ:QLYS). Metropolitan Life Insur New York holds 0.01% of its portfolio in Qualys, Inc. (NASDAQ:QLYS) for 9,972 shares. Invesco Ltd reported 1.35M shares stake. The Maryland-based Df Dent And Co has invested 0.18% in Qualys, Inc. (NASDAQ:QLYS).

Since December 11, 2017, it had 0 insider purchases, and 11 sales for $4.27 million activity. Thakar Sumedh S had sold 2,000 shares worth $126,783. POSEY BRUCE K also sold $1.89M worth of Qualys, Inc. (NASDAQ:QLYS) on Wednesday, February 14. Another trade for 10,000 shares valued at $718,651 was made by Rogers Kristi Marie on Friday, February 16.

The stock of Qualys, Inc. (NASDAQ:QLYS) hit a new 52-week high and has $88.22 target or 7.00 % above today’s $82.45 share price. The 7 months bullish chart indicates low risk for the $3.19B company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $88.22 price target is reached, the company will be worth $222.95 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.23% or $4.101 during the last trading session, reaching $82.451. About 237,590 shares traded. Qualys, Inc. (NASDAQ:QLYS) has risen 101.10% since April 17, 2017 and is uptrending. It has outperformed by 89.55% the S&P500.

Analysts await Qualys, Inc. (NASDAQ:QLYS) to report earnings on May, 1. They expect $0.24 earnings per share, down 57.14 % or $0.32 from last year’s $0.56 per share. QLYS’s profit will be $9.27 million for 85.89 P/E if the $0.24 EPS becomes a reality. After $0.37 actual earnings per share reported by Qualys, Inc. for the previous quarter, Wall Street now forecasts -35.14 % negative EPS growth.

Qualys, Inc. (NASDAQ:QLYS) Ratings Coverage

Among 11 analysts covering Qualys (NASDAQ:QLYS), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Qualys had 18 analyst reports since October 18, 2017 according to SRatingsIntel. On Tuesday, March 6 the stock rating was maintained by Needham with “Buy”. JP Morgan maintained the shares of QLYS in report on Tuesday, February 13 with “Neutral” rating. The firm earned “Hold” rating on Tuesday, December 12 by J.P. Morgan. RBC Capital Markets maintained Qualys, Inc. (NASDAQ:QLYS) rating on Wednesday, October 18. RBC Capital Markets has “Hold” rating and $50.0 target. The rating was maintained by Northland Capital with “Buy” on Wednesday, October 18. As per Wednesday, November 1, the company rating was maintained by Needham. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, February 13. The rating was upgraded by Summit Redstone Partners on Wednesday, November 1 to “Buy”. The stock has “Buy” rating by Needham on Monday, October 23. The firm earned “Equal-Weight” rating on Tuesday, February 13 by Morgan Stanley.

Qualys, Inc. provides cloud-based security and compliance solutions in the United States and internationally. The company has market cap of $3.19 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 81.63 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.

Qualys, Inc. (NASDAQ:QLYS) Institutional Positions Chart

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