J P Morgan Chase & Co cut shares of Qualys (NASDAQ:QLYS) from an overweight rating to a neutral rating in a research note released on Tuesday. They currently have $65.00 target price on the software maker’s stock.

A number of other equities analysts also recently commented on QLYS. Morgan Stanley downgraded shares of Qualys from an overweight rating to an equal weight rating and set a $51.00 price objective for the company. in a research note on Tuesday, October 10th. Northland Securities set a $48.00 price objective on shares of Qualys and gave the stock a buy rating in a research note on Wednesday, October 18th. Needham & Company LLC started coverage on shares of Qualys in a research note on Monday, October 23rd. They issued a buy rating and a $65.00 price objective for the company. KeyCorp reissued a hold rating on shares of Qualys in a research note on Friday, October 27th. Finally, Robert W. Baird reissued a hold rating and issued a $61.00 price objective on shares of Qualys in a research note on Wednesday, November 1st. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $54.00.

Shares of Qualys (QLYS) traded down $1.50 during trading hours on Tuesday, reaching $57.50. 296,200 shares of the company were exchanged, compared to its average volume of 289,251. The company has a market capitalization of $2,237.25, a P/E ratio of 53.64, a price-to-earnings-growth ratio of 5.31 and a beta of 0.87. Qualys has a 52 week low of $30.60 and a 52 week high of $62.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $59.49 million during the quarter, compared to the consensus estimate of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. Qualys’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. equities research analysts forecast that Qualys will post 0.65 EPS for the current year.

In other news, VP Amer Deeba sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $52.16, for a total transaction of $104,320.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Sumedh S. Thakar sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.05, for a total transaction of $825,750.00. Following the sale, the insider now directly owns 211,346 shares in the company, valued at $11,634,597.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 555,916 shares of company stock worth $32,488,606. Insiders own 20.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in QLYS. Advisors Asset Management Inc. purchased a new stake in shares of Qualys during the third quarter valued at $101,000. SG Americas Securities LLC purchased a new stake in shares of Qualys during the second quarter valued at $103,000. Ameritas Investment Partners Inc. grew its holdings 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 buying an additional 408 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Qualys by 1,100.0% during the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock valued at $155,000 after buying an additional 2,750 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of Qualys by 2.9% during the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after buying an additional 110 shares during the last quarter. 75.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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