Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.40.

A number of brokerages have recently commented on QLYS. BidaskClub cut shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Qualys from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Thursday, July 20th. Monness Crespi & Hardt began coverage on shares of Qualys in a research report on Monday, July 10th. They issued a “neutral” rating for the company. Northland Securities set a $48.00 target price on shares of Qualys and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of Qualys in a research report on Monday, July 31st.

Qualys (NASDAQ:QLYS) traded down 1.315% during mid-day trading on Wednesday, hitting $50.675. 204,800 shares of the stock were exchanged. The stock’s 50 day moving average is $50.26 and its 200 day moving average is $43.30. The stock has a market cap of $1.90 billion, a PE ratio of 49.681 and a beta of 0.91. Qualys has a 52-week low of $30.61 and a 52-week high of $54.15.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.08. The business had revenue of $55.30 million during the quarter, compared to analysts’ expectations of $54.87 million. Qualys had a net margin of 18.92% and a return on equity of 14.69%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.20 earnings per share. Analysts forecast that Qualys will post $0.90 EPS for the current fiscal year.

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In other Qualys news, insider Sumedh S. Thakar sold 7,694 shares of Qualys stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $46.31, for a total transaction of $356,309.14. Following the completion of the sale, the insider now directly owns 128,756 shares in the company, valued at $5,962,690.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Pace sold 12,000 shares of Qualys stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $44.88, for a total transaction of $538,560.00. Following the sale, the director now owns 35,155 shares of the company’s stock, valued at $1,577,756.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,908 shares of company stock valued at $3,125,668. 30.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors Inc. increased its position in shares of Qualys by 22.9% during the second quarter. Wasatch Advisors Inc. now owns 47,105 shares of the software maker’s stock valued at $1,922,000 after acquiring an additional 8,763 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Qualys during the second quarter valued at about $265,000. Ameritas Investment Partners Inc. increased its position in shares of Qualys by 17.4% during the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after acquiring an additional 408 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Qualys by 3.9% during the second quarter. California State Teachers Retirement System now owns 55,633 shares of the software maker’s stock valued at $2,270,000 after acquiring an additional 2,091 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new stake in shares of Qualys during the second quarter valued at about $256,000. Institutional investors and hedge funds own 73.57% of the company’s stock.

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)

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