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

Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Qualys from a hold rating to a buy rating and set a $64.00 price target on the stock in a research report on Saturday, November 4th. Stifel Nicolaus restated a hold rating and set a $60.00 price target on shares of Qualys in a research report on Friday, November 3rd. Summit Redstone upgraded shares of Qualys from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Wednesday, November 1st. Wells Fargo & Company set a $52.00 price target on shares of Qualys and gave the company a hold rating in a research report on Wednesday, November 1st. Finally, Needham & Company LLC reaffirmed a buy rating and set a $70.00 price objective (up from $65.00) on shares of Qualys in a report on Wednesday, November 1st. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Qualys currently has an average rating of Hold and an average target price of $54.00.

Qualys (QLYS) traded up $0.90 during mid-day trading on Tuesday, reaching $58.20. 341,700 shares of the company traded hands, compared to its average volume of 289,701. The firm has a market capitalization of $2,172.79, a price-to-earnings ratio of 52.09, a PEG ratio of 5.16 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 released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.10. The company had revenue of $59.49 million for the quarter, compared to analyst estimates of $58.59 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. analysts predict that Qualys will post 0.65 EPS for the current fiscal year.

In other news, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $58.84, for a total value of $117,680.00. Following the transaction, the insider now directly owns 186,436 shares of the company’s stock, valued at $10,969,894.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sumedh S. Thakar sold 7,694 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $56.33, for a total transaction of $433,403.02. Following the completion of the transaction, the insider now directly owns 192,130 shares in the company, valued at $10,822,682.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 557,916 shares of company stock worth $32,606,286. Insiders own 20.90% of the company’s stock.

Several large investors have recently bought and sold shares of QLYS. Advisors Asset Management Inc. purchased a new position in shares of Qualys in the third quarter worth about $101,000. SG Americas Securities LLC purchased a new position in shares of Qualys in the second quarter worth about $103,000. Ameritas Investment Partners Inc. lifted its stake in shares of 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 buying an additional 408 shares in the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Qualys by 1,100.0% in the third quarter. Thompson Davis & CO. Inc. now owns 3,000 shares of the software maker’s stock worth $155,000 after buying an additional 2,750 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its stake in shares of 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 buying an additional 110 shares in 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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