Qualys, Inc. (NASDAQ:QLYS) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

Several other research firms have also recently issued reports on QLYS. Zacks Investment Research raised Qualys from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective for the company in a research report on Saturday, May 6th. Stephens raised Qualys from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 21st. Susquehanna Bancshares Inc began coverage on Qualys in a report on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 target price for the company. Imperial Capital boosted their target price on Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Finally, Monness Crespi & Hardt began coverage on Qualys in a report on Monday. They issued a “neutral” rating for the company. Twelve investment 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’s stock. Qualys presently has a consensus rating of “Hold” and an average price target of $40.69.

Shares of Qualys (NASDAQ QLYS) traded down 0.24% on Thursday, hitting $42.15. The stock had a trading volume of 227,450 shares. The firm has a market cap of $1.56 billion, a PE ratio of 45.18 and a beta of 0.94. Qualys has a 52-week low of $29.69 and a 52-week high of $44.35. The firm’s 50-day moving average price is $41.89 and its 200 day moving average price is $37.12.

TRADEMARK VIOLATION NOTICE: “Qualys, Inc. (QLYS) Lifted to Strong-Buy at BidaskClub” was published by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/07/13/qualys-inc-qlys-lifted-to-strong-buy-at-bidaskclub.html.

In other Qualys news, Chairman Philippe F. Courtot sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $35.74, for a total transaction of $1,072,200.00. Following the completion of the sale, the chairman now directly owns 5,097,542 shares of the company’s stock, valued at approximately $182,186,151.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Philippe F. Courtot sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The shares were sold at an average price of $35.62, for a total value of $1,424,800.00. Following the sale, the chairman now directly owns 5,137,542 shares of the company’s stock, valued at $182,999,246.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,304 shares of company stock valued at $4,444,735. 30.20% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in Qualys by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,973 shares of the software maker’s stock valued at $316,000 after buying an additional 127 shares in the last quarter. Flinton Capital Management LLC increased its stake in Qualys by 1.6% in the first quarter. Flinton Capital Management LLC now owns 8,160 shares of the software maker’s stock valued at $309,000 after buying an additional 128 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock valued at $123,000 after buying an additional 150 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Qualys by 2.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock valued at $251,000 after buying an additional 170 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in Qualys by 1.6% in the first quarter. Meadow Creek Investment Management LLC now owns 11,220 shares of the software maker’s stock valued at $425,000 after buying an additional 176 shares in the last quarter. 74.52% of the stock is owned by hedge funds and other institutional investors.

Qualys Company Profile

Qualys, Inc is a provider of cloud-based security and compliance solutions. The Company’s solutions enable organizations to identify security risks to their information technology (IT) infrastructures, help protect their IT systems and applications from cyber-attacks. Its suite of security and compliance solutions delivered on its Qualys Cloud Platform enables its customers 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.

Analyst Recommendations for Qualys (NASDAQ:QLYS)

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