Qualys (NASDAQ:QLYS) had its price objective increased by investment analysts at Royal Bank of Canada to $65.00 in a report issued on Tuesday. The brokerage currently has a “market perform” rating on the software maker’s stock. Royal Bank of Canada’s price target suggests a potential downside of 3.42% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Northland Securities set a $70.00 target price on shares of Qualys and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price objective on shares of Qualys in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Qualys from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Co set a $62.00 price objective on shares of Qualys and gave the stock a “hold” rating in a report on Tuesday. Finally, Morgan Stanley set a $65.00 price objective on shares of Qualys and gave the stock a “hold” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $62.83.

Qualys (QLYS) traded up $4.70 during trading hours on Tuesday, reaching $67.30. 887,159 shares of the company’s stock were exchanged, compared to its average volume of 213,575. The stock has a market cap of $2,550.00, a price-to-earnings ratio of 60.63, a price-to-earnings-growth ratio of 4.80 and a beta of 1.01. Qualys has a 52 week low of $33.75 and a 52 week high of $67.95.

Qualys (NASDAQ:QLYS) last released its earnings results on Monday, February 12th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The company had revenue of $62.90 million for the quarter, compared to analyst estimates of $61.96 million. Qualys had a net margin of 19.76% and a return on equity of 14.81%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. equities analysts anticipate that Qualys will post 0.65 EPS for the current year.

In other news, Director Donald R. Dixon sold 83,743 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $58.15, for a total transaction of $4,869,655.45. Following the completion of the sale, the director now owns 196,839 shares of the company’s stock, valued at $11,446,187.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amer Deeba sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $58.40, for a total transaction of $116,800.00. Following the sale, the vice president now directly owns 66,644 shares of the company’s stock, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. Insiders sold 375,023 shares of company stock valued at $22,284,431 in the last ninety days. 20.90% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Qualys by 3.7% during the fourth quarter. BlackRock Inc. now owns 3,985,117 shares of the software maker’s stock worth $236,517,000 after buying an additional 141,775 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Qualys by 23.8% during the third quarter. Neuberger Berman Group LLC now owns 2,802,385 shares of the software maker’s stock worth $145,164,000 after purchasing an additional 538,305 shares during the last quarter. Vanguard Group Inc. lifted its stake in Qualys by 2.9% during the second quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after purchasing an additional 45,421 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Qualys by 16.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,300,700 shares of the software maker’s stock worth $77,197,000 after purchasing an additional 185,200 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in Qualys by 9.2% during the third quarter. Bamco Inc. NY now owns 831,600 shares of the software maker’s stock worth $43,077,000 after purchasing an additional 70,000 shares during the last quarter. 75.21% of the stock is owned by institutional investors and hedge funds.

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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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