Shares of Qualys, Inc. (NASDAQ:QLYS) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $54.36.

A number of research firms have commented on QLYS. Stifel Nicolaus reissued a “hold” rating and set a $60.00 price target on shares of Qualys in a report on Friday, November 3rd. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Saturday, November 4th. Morgan Stanley cut Qualys from an “overweight” rating to an “equal weight” rating and set a $51.00 price target on the stock. in a report on Tuesday, October 10th. Wells Fargo & Company set a $52.00 price target on Qualys and gave the company a “hold” rating in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co raised their price target on Qualys from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st.

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Shares of Qualys (NASDAQ:QLYS) traded up $0.45 during trading on Friday, reaching $56.90. The company had a trading volume of 170,059 shares, compared to its average volume of 289,454. The company has a market cap of $2,172.79, a PE ratio of 52.09, a P/E/G ratio of 5.16 and a beta of 0.84. Qualys has a one year low of $30.60 and a one year high of $58.25.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $59.49 million for the quarter, compared to analysts’ expectations of $58.59 million. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the firm earned $0.22 earnings per share. research analysts anticipate that Qualys will post 0.65 EPS for the current fiscal year.

In related news, Director Todd P. Headley sold 4,714 shares of Qualys stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.25, for a total value of $213,308.50. Following the completion of the transaction, the director now owns 14,410 shares in the company, valued at $652,052.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Amer Deeba sold 2,000 shares of Qualys stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $47.86, for a total value of $95,720.00. Following the completion of the transaction, the vice president now owns 79,221 shares of the company’s stock, valued at approximately $3,791,517.06. The disclosure for this sale can be found here. Insiders sold 159,714 shares of company stock worth $8,802,939 over the last ninety days. Insiders own 30.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. grew its position in Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock worth $161,000 after acquiring an additional 110 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Qualys by 2.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 6,610 shares of the software maker’s stock worth $251,000 after acquiring an additional 170 shares in the last quarter. Louisiana State Employees Retirement System grew 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 acquiring an additional 200 shares in the last quarter. Arizona State Retirement System grew its position in Qualys by 2.0% in the second quarter. Arizona State Retirement System now owns 15,600 shares of the software maker’s stock worth $636,000 after acquiring an additional 300 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock worth $112,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 73.57% 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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