BidaskClub lowered shares of Qualys (NASDAQ:QLYS) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research cut Qualys from a buy rating to a hold rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. cut Qualys from an overweight rating to a neutral rating and set a $65.00 price objective for the company. in a research note on Tuesday, December 12th. Stifel Nicolaus reaffirmed a hold rating and set a $60.00 price objective on shares of Qualys in a research note on Friday, November 3rd. Summit Redstone raised Qualys from a hold rating to a buy rating and set a $65.00 price objective for the company in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co set a $52.00 price objective on Qualys and gave the stock a hold rating in a research note on Wednesday, November 1st. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $54.85.

Shares of Qualys (NASDAQ:QLYS) opened at $64.30 on Thursday. The company has a market capitalization of $2,460.00, a price-to-earnings ratio of 57.93, a PEG ratio of 5.11 and a beta of 0.88. Qualys has a 52 week low of $32.40 and a 52 week high of $65.25.

Qualys (NASDAQ:QLYS) last announced 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. Qualys had a return on equity of 14.81% and a net margin of 19.76%. The business had revenue of $59.49 million during the quarter, compared to analysts’ expectations of $58.59 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. equities research analysts anticipate that Qualys will post 0.65 EPS for the current year.

In other Qualys news, insider Sumedh S. Thakar sold 2,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $63.39, for a total value of $126,780.00. Following the completion of the transaction, the insider now directly owns 198,340 shares of the company’s stock, valued at $12,572,772.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald R. Dixon sold 91,479 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $59.89, for a total value of $5,478,677.31. Following the completion of the transaction, the director now directly owns 114,064 shares of the company’s stock, valued at $6,831,292.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 557,916 shares of company stock valued at $32,644,046. Insiders own 20.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new stake in shares of Qualys in the third quarter valued at about $101,000. SG Americas Securities LLC bought a new stake in shares of Qualys in the second quarter valued at about $103,000. Ameritas Investment Partners Inc. lifted its holdings 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 valued at $112,000 after purchasing an additional 408 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Qualys in the fourth quarter valued at about $154,000. Finally, Thompson Davis & CO. Inc. lifted its holdings 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 valued at $155,000 after purchasing an additional 2,750 shares in the last quarter. 75.34% of the stock is owned by hedge funds and other institutional investors.

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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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