Rosenblatt Securities began coverage on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Monday, AnalystRatings.com reports. The firm issued a hold rating and a $85.00 target price on the software maker’s stock.

“We are initiating coverage of QLYS with a Neutral rating. All metrics currently show positive trends around the adoption rate of its Cloud Agents and the Cloud Platform, and even the attach rate of its Cloud Apps show a positive trend. However, its total revenue growth has decelerated over the past three quarters to mid-teens, increasing the risk that it may not achieve its 2021 target revenue growth in the low-to-mid 20s. We also believe that QLYS is undergoing a risky sales transition as it shifts its sales efforts to target C-level executives to better leverage its platform-based growth strategy. This is different from its traditional sales approach that primarily targeted security technicians.”,” the firm’s analyst wrote.

QLYS has been the topic of a number of other reports. Zacks Investment Research downgraded Qualys from a buy rating to a hold rating in a report on Thursday, July 25th. FBN Securities started coverage on Qualys in a report on Monday, July 15th. They issued an outperform rating and a $100.00 price objective on the stock. Stifel Nicolaus cut their price objective on Qualys from $100.00 to $90.00 and set a hold rating on the stock in a report on Thursday, August 1st. BidaskClub downgraded Qualys from a buy rating to a hold rating in a report on Wednesday, August 28th. Finally, ValuEngine downgraded Qualys from a buy rating to a hold rating in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $93.47.

Shares of Qualys stock traded up $0.08 during trading hours on Monday, reaching $80.50. The stock had a trading volume of 4,534 shares, compared to its average volume of 357,448. The firm has a 50 day simple moving average of $83.25 and a two-hundred day simple moving average of $85.32. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 67.52 and a beta of 1.38. Qualys has a 1 year low of $65.93 and a 1 year high of $97.12.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $78.93 million for the quarter, compared to the consensus estimate of $78.54 million. Qualys had a return on equity of 16.53% and a net margin of 22.45%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, equities analysts predict that Qualys will post 1.42 earnings per share for the current fiscal year.

In other news, insider Sumedh S. Thakar sold 4,083 shares of the stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $87.33, for a total value of $356,568.39. Following the completion of the sale, the insider now owns 185,168 shares in the company, valued at $16,170,721.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sumedh S. Thakar sold 4,289 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $78.86, for a total value of $338,230.54. Following the completion of the sale, the insider now owns 167,803 shares of the company’s stock, valued at approximately $13,232,944.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,152 shares of company stock valued at $1,773,751. Insiders own 17.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BB&T Securities LLC grew its stake in Qualys by 3.6% during the 2nd quarter. BB&T Securities LLC now owns 3,763 shares of the software maker’s stock valued at $327,000 after purchasing an additional 131 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in Qualys by 43.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 541 shares of the software maker’s stock valued at $45,000 after purchasing an additional 165 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Qualys by 1.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,317 shares of the software maker’s stock valued at $1,160,000 after purchasing an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Qualys by 2.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,130 shares of the software maker’s stock valued at $882,000 after purchasing an additional 200 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in Qualys by 0.4% during the 1st quarter. California Public Employees Retirement System now owns 52,271 shares of the software maker’s stock valued at $4,325,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds own 84.69% of the company’s stock.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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