Qualys, Inc. (NASDAQ:QLYS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Other research analysts have also issued research reports about the stock. Robert W. Baird restated a “hold” rating on shares of Qualys in a research note on Wednesday, May 3rd. Monness Crespi & Hardt assumed coverage on shares of Qualys in a report on Monday, July 10th. They set a “neutral” rating for the company. Susquehanna Bancshares Inc started coverage on shares of Qualys in a report on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective for the company. Imperial Capital increased their price target on shares of Qualys from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Morgan Stanley started coverage on shares of Qualys in a report on Thursday, March 30th. They issued an “overweight” rating and a $43.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $41.23.

Shares of Qualys (NASDAQ:QLYS) traded down 2.56% during trading on Friday, hitting $41.80. 187,675 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $41.48 and its 200 day moving average is $38.03. Qualys has a 1-year low of $30.00 and a 1-year high of $44.35. The firm has a market capitalization of $1.55 billion, a PE ratio of 44.80 and a beta of 0.94.

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In related news, VP Amer Deeba sold 2,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $38.61, for a total transaction of $77,220.00. Following the completion of the sale, the vice president now owns 79,353 shares of the company’s stock, valued at $3,063,819.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sumedh S. Thakar sold 4,119 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $40.87, for a total transaction of $168,343.53. Following the sale, the insider now directly owns 140,950 shares of the company’s stock, valued at approximately $5,760,626.50. The disclosure for this sale can be found here. In the last three months, insiders sold 30,304 shares of company stock valued at $1,232,735. 30.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Qualys by 18.6% in the second quarter. US Bancorp DE now owns 4,440 shares of the software maker’s stock valued at $181,000 after buying an additional 697 shares in the last quarter. Aperio Group LLC boosted its position in Qualys by 102.1% in the second quarter. Aperio Group LLC now owns 14,969 shares of the software maker’s stock worth $611,000 after buying an additional 7,562 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Qualys by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the software maker’s stock worth $498,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Qualys by 82.1% in the second quarter. State of Alaska Department of Revenue now owns 5,919 shares of the software maker’s stock worth $241,000 after buying an additional 2,669 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Qualys by 1.5% in the first quarter. Clearbridge Investments LLC now owns 1,115,016 shares of the software maker’s stock worth $42,259,000 after buying an additional 16,913 shares during the last quarter. 74.47% of the stock is 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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