Qualys, Inc. (NASDAQ:QLYS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage presently has a $47.00 target price on the software maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.56% from the company’s current price.

According to Zacks, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California. “

Several other analysts have also recently issued reports on the stock. BidaskClub upgraded shares of Qualys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Monness Crespi & Hardt began coverage on shares of Qualys in a research note on Monday, July 10th. They issued a “neutral” rating on the stock. Susquehanna Bancshares Inc began coverage on shares of Qualys in a research note on Wednesday, June 7th. They issued a “neutral” rating and a $45.00 target price on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $45.00 price target (up previously from $39.00) on shares of Qualys in a report on Tuesday, May 23rd. Finally, Imperial Capital increased their price target on shares of Qualys from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Qualys has a consensus rating of “Buy” and a consensus target price of $41.23.

Qualys (NASDAQ:QLYS) traded up 1.06% during mid-day trading on Thursday, hitting $42.90. 254,265 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $41.48 and its 200-day moving average price is $38.03. The stock has a market cap of $1.59 billion, a PE ratio of 45.98 and a beta of 0.94. Qualys has a 12 month low of $30.00 and a 12 month high of $44.35.

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In related news, insider Sumedh S. Thakar sold 16,585 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $40.57, for a total transaction of $672,853.45. Following the transaction, the insider now owns 155,735 shares of the company’s stock, valued at approximately $6,318,168.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $42.51, for a total transaction of $85,020.00. Following the transaction, the vice president now directly owns 81,353 shares in the company, valued at approximately $3,458,316.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,304 shares of company stock worth $1,232,735. 30.20% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in QLYS. Envestnet Asset Management Inc. raised its position 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 raised its position 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 raised its position 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 raised its position 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 raised its position 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. 74.47% of the stock is currently owned by 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.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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