Qualys, Inc. (NASDAQ:QLYS) received a $48.00 price target from Northland Securities in a research report issued to clients and investors on Saturday. The brokerage presently has a “buy” rating on the software maker’s stock. Northland Securities’ price target suggests a potential upside of 14.83% from the company’s current price.

QLYS has been the subject of several other reports. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, July 5th. Morgan Stanley initiated coverage on shares of Qualys in a research note on Thursday, March 30th. They set an “overweight” rating and a $43.00 price objective for the company. Robert W. Baird reissued a “hold” rating on shares of Qualys in a research note on Wednesday, May 3rd. Susquehanna Bancshares Inc initiated coverage on shares of Qualys in a research note on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $45.00 price objective (up from $39.00) on shares of Qualys in a research note on Tuesday, May 23rd. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Qualys currently has a consensus rating of “Buy” and a consensus price target of $43.82.

Qualys (NASDAQ QLYS) traded down 2.56% on Friday, reaching $41.80. The company’s stock had a trading volume of 187,675 shares. Qualys has a 52 week low of $30.00 and a 52 week high of $44.35. The firm has a 50 day moving average price of $41.48 and a 200 day moving average price of $38.03. The stock has a market capitalization of $1.55 billion, a P/E ratio of 44.80 and a beta of 0.94.

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

Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Qualys by 157,222.3% in the first quarter. BlackRock Inc. now owns 3,365,124 shares of the software maker’s stock worth $127,537,000 after buying an additional 3,362,985 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Qualys by 32.7% in the first quarter. Champlain Investment Partners LLC now owns 2,304,060 shares of the software maker’s stock worth $87,324,000 after buying an additional 568,040 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Qualys by 31.9% in the first quarter. Neuberger Berman Group LLC now owns 2,206,992 shares of the software maker’s stock worth $83,645,000 after buying an additional 534,000 shares in the last quarter. Norges Bank purchased a new position in shares of Qualys during the fourth quarter worth approximately $8,725,000. Finally, Columbia Wanger Asset Management LLC raised its position in shares of Qualys by 21.5% in the first quarter. Columbia Wanger Asset Management LLC now owns 1,558,789 shares of the software maker’s stock worth $59,078,000 after buying an additional 275,361 shares in the last quarter. Hedge funds and other institutional investors own 74.47% of the company’s stock.

About Qualys

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)

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