Is Buying 52-Week Stock Like Qualys, Inc. (QLYS) a Winning Strategy?

April 17, 2018 - By Graig Alexander

Qualys, Inc. (NASDAQ:QLYS) Logo

Investors sentiment increased to 1.86 in Q4 2017. Its up 0.23, from 1.63 in 2017Q3. It is positive, 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.
American Cap Mgmt stated it has 0.11% in Qualys, Inc. (NASDAQ:QLYS). Diversified Tru Com holds 5,000 shares or 0.02% of its portfolio. Moreover, Stratos Wealth Prns Limited has 0% invested in Qualys, Inc. (NASDAQ:QLYS) for 1,119 shares. Eulav Asset Mngmt invested in 6,400 shares or 0.02% of the stock. Oppenheimer Asset Management reported 5,227 shares. New York-based Pinebridge Investments Limited Partnership has invested 0.02% in Qualys, Inc. (NASDAQ:QLYS). Regions Fincl Corporation has 0% invested in Qualys, Inc. (NASDAQ:QLYS). Parametric Associate Limited Liability Corporation reported 0% of its portfolio in Qualys, Inc. (NASDAQ:QLYS). First Republic Invest Inc reported 15,573 shares stake. Royal Savings Bank Of Canada stated it has 5,359 shares or 0% of all its holdings. Louisiana State Employees Retirement Sys reported 13,700 shares or 0.04% of all its holdings. Mckinley Mngmt Limited Liability Company Delaware accumulated 0.15% or 49,877 shares. Glenmede Tru Na holds 93 shares. California State Teachers Retirement System has invested 0.01% in Qualys, Inc. (NASDAQ:QLYS). Neuberger Berman Grp invested in 2.82M shares or 0.19% of the stock.

Since December 11, 2017, it had 0 insider purchases, and 11 selling transactions for $4.27 million activity. Another trade for 2,000 shares valued at $149,085 was sold by Thakar Sumedh S. POSEY BRUCE K sold 28,000 shares worth $1.89 million. Shares for $718,651 were sold 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 EPS, down 57.14 % or $0.32 from last year’s $0.56 per share. QLYS’s profit will be $9.27M for 85.89 P/E if the $0.24 EPS becomes a reality. After $0.37 actual EPS 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. The firm has “Buy” rating given on Wednesday, November 1 by Needham. Summit Redstone Partners upgraded the stock to “Buy” rating in Wednesday, November 1 report. RBC Capital Markets maintained Qualys, Inc. (NASDAQ:QLYS) rating on Wednesday, October 18. RBC Capital Markets has “Hold” rating and $50.0 target. The stock has “Buy” rating by Needham on Thursday, February 15. Wells Fargo maintained Qualys, Inc. (NASDAQ:QLYS) on Tuesday, February 13 with “Hold” rating. The stock has “Hold” rating by Wells Fargo on Wednesday, November 1. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Overweight”. As per Tuesday, February 13, the company rating was maintained by Stifel Nicolaus. The stock of Qualys, Inc. (NASDAQ:QLYS) has “Buy” rating given on Monday, October 23 by Needham. Stephens maintained the stock with “Buy” rating in Tuesday, February 13 report.

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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