Qualys (NASDAQ:QLYS) has been assigned a $65.00 price target by Morgan Stanley in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the software maker’s stock. Morgan Stanley’s price target suggests a potential downside of 4.34% from the stock’s previous close.

Several other brokerages also recently commented on QLYS. BidaskClub downgraded shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. downgraded shares of Qualys from an “overweight” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Tuesday, December 12th. Zacks Investment Research raised shares of 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. Stifel Nicolaus reaffirmed a “hold” rating and set a $60.00 price target on shares of Qualys in a report on Friday, November 3rd. Finally, Wells Fargo & Co set a $52.00 price target on shares of Qualys and gave the company a “hold” rating in a report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $62.83.

Shares of Qualys (NASDAQ QLYS) opened at $67.95 on Tuesday. Qualys has a 1 year low of $33.75 and a 1 year high of $68.10. The company has a market cap of $2,580.00, a PE ratio of 65.97, a P/E/G ratio of 5.02 and a beta of 1.01.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Monday, February 12th. The software maker reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Qualys had a net margin of 17.52% and a return on equity of 17.20%. The company had revenue of $62.90 million for the quarter, compared to the consensus estimate of $61.96 million. During the same period in the prior year, the firm posted $0.23 EPS. Qualys’s revenue for the quarter was up 20.5% on a year-over-year basis. analysts anticipate that Qualys will post 0.73 EPS for the current year.

In related news, insider Sumedh S. Thakar sold 9,801 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $58.70, for a total value of $575,318.70. Following the transaction, the insider now owns 192,280 shares of the company’s stock, valued at $11,286,836. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the vice president now directly owns 66,644 shares in the company, valued at approximately $3,892,009.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,280 shares of company stock worth $15,095,176. Insiders own 20.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of QLYS. Alliancebernstein L.P. boosted its holdings in shares of Qualys by 24.8% in the second quarter. Alliancebernstein L.P. now owns 50,768 shares of the software maker’s stock worth $2,071,000 after buying an additional 10,083 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Qualys by 19.1% in the second quarter. New York State Common Retirement Fund now owns 33,600 shares of the software maker’s stock worth $1,371,000 after buying an additional 5,399 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in shares of Qualys by 1,661.6% in the second quarter. UBS Asset Management Americas Inc. now owns 12,402 shares of the software maker’s stock worth $506,000 after buying an additional 11,698 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Qualys by 7.8% in the second quarter. Northern Trust Corp now owns 466,544 shares of the software maker’s stock worth $19,034,000 after buying an additional 33,875 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Qualys by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,589,636 shares of the software maker’s stock worth $64,857,000 after buying an additional 45,421 shares during the last quarter. 75.21% of the stock is currently owned by 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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