Qualys (NASDAQ:QLYS) had its price target lifted by Wedbush from $102.00 to $110.00 in a report published on Thursday morning, The Fly reports. They currently have an outperform rating on the software maker’s stock.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Qualys from a strong-buy rating to a hold rating in a research report on Wednesday, January 1st. BidaskClub upgraded Qualys from a sell rating to a hold rating in a research report on Friday, January 24th. Robert W. Baird boosted their price objective on Qualys from $90.00 to $95.00 and gave the company a neutral rating in a research report on Thursday. Needham & Company LLC restated a buy rating and set a $105.00 price objective on shares of Qualys in a research report on Thursday, November 21st. Finally, Rosenblatt Securities restated a hold rating and set a $93.00 price objective on shares of Qualys in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $95.69.

NASDAQ QLYS traded up $2.36 during trading on Thursday, hitting $92.44. The company’s stock had a trading volume of 408,136 shares, compared to its average volume of 296,254. The firm has a 50 day moving average price of $85.88 and a 200 day moving average price of $83.11. The firm has a market cap of $3.49 billion, a P/E ratio of 60.42 and a beta of 1.36. Qualys has a 52 week low of $72.76 and a 52 week high of $95.99.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.23. The company had revenue of $84.70 million for the quarter, compared to the consensus estimate of $84.68 million. Qualys had a return on equity of 18.15% and a net margin of 20.27%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. As a group, analysts predict that Qualys will post 1.64 earnings per share for the current year.

In related news, VP Bruce K. Posey sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $83.86, for a total value of $83,860.00. Following the sale, the vice president now owns 85,955 shares of the company’s stock, valued at approximately $7,208,186.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey P. Hank sold 11,250 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $84.02, for a total value of $945,225.00. Following the completion of the sale, the director now directly owns 20,964 shares in the company, valued at approximately $1,761,395.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,086 shares of company stock worth $2,407,427. 17.30% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its stake in Qualys by 42.0% in the fourth quarter. FMR LLC now owns 544 shares of the software maker’s stock worth $46,000 after purchasing an additional 161 shares in the last quarter. First Quadrant L P CA acquired a new position in Qualys in the fourth quarter worth $53,000. Point72 Hong Kong Ltd acquired a new position in Qualys in the fourth quarter worth $62,000. Huntington National Bank boosted its stake in Qualys by 223.8% in the fourth quarter. Huntington National Bank now owns 842 shares of the software maker’s stock worth $70,000 after purchasing an additional 582 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Qualys by 57.5% in the third quarter. SRS Capital Advisors Inc. now owns 1,041 shares of the software maker’s stock worth $79,000 after purchasing an additional 380 shares in the last quarter. 86.85% of the stock is currently owned by institutional investors and hedge funds.

About Qualys

Qualys, Inc provides cloud-based security and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Asset Inventory, CMDB Sync, Vulnerability Management, Continuous Monitoring, Cloud Agent, Threat Protection, Security Configuration Assessment, Indication of Compromise, Policy Compliance, PCI Compliance, Security Assessment Questionnaire, File Integrity Monitoring, Web Application Scanning, and Web Application Firewall.

See Also: What does RSI mean?

The Fly

Analyst Recommendations for Qualys (NASDAQ:QLYS)

Receive News & Ratings for Qualys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualys and related companies with MarketBeat.com's FREE daily email newsletter.