ValuEngine downgraded shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a report published on Thursday, ValuEngine reports.

A number of other brokerages have also recently weighed in on QLYS. BidaskClub raised Qualys from a sell rating to a hold rating in a research note on Friday, January 24th. Wedbush lifted their price target on Qualys from $102.00 to $110.00 and gave the stock an outperform rating in a research note on Thursday. Zacks Investment Research cut Qualys from a strong-buy rating to a hold rating in a research note on Wednesday, January 1st. Rosenblatt Securities reissued a hold rating and issued a $93.00 price target on shares of Qualys in a research note on Thursday. Finally, Robert W. Baird lifted their price target on Qualys from $90.00 to $95.00 and gave the stock a neutral rating in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Qualys presently has a consensus rating of Hold and an average price target of $95.69.

QLYS traded up $2.36 during trading on Thursday, reaching $92.44. The company had a trading volume of 408,136 shares, compared to its average volume of 296,254. The firm’s 50-day simple moving average is $85.73 and its 200 day simple moving average is $83.11. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 60.42 and a beta of 1.36. Qualys has a 12-month low of $72.76 and a 12-month high of $95.99.

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

In other Qualys news, VP Bruce K. Posey sold 1,000 shares of Qualys stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $89.28, for a total transaction of $89,280.00. Following the transaction, the vice president now owns 82,702 shares of the company’s stock, valued at approximately $7,383,634.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Melissa B. Fisher sold 450 shares of Qualys stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $85.80, for a total value of $38,610.00. Following the transaction, the chief financial officer now directly owns 185,368 shares in the company, valued at approximately $15,904,574.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,086 shares of company stock worth $2,407,427. Company insiders own 17.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Qualys by 23.6% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 245,375 shares of the software maker’s stock valued at $20,302,000 after buying an additional 46,875 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Qualys by 1.6% during the 2nd quarter. BlackRock Inc. now owns 5,081,901 shares of the software maker’s stock valued at $442,532,000 after buying an additional 82,375 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in shares of Qualys by 3.6% during the 3rd quarter. Summit Creek Advisors LLC now owns 115,192 shares of the software maker’s stock valued at $8,705,000 after buying an additional 3,980 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Qualys by 2.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 54,406 shares of the software maker’s stock valued at $4,111,000 after buying an additional 1,268 shares during the last quarter. Finally, Brinker Capital Inc. lifted its holdings in shares of Qualys by 4.4% during the 3rd quarter. Brinker Capital Inc. now owns 16,522 shares of the software maker’s stock valued at $1,249,000 after buying an additional 702 shares during the last quarter. 86.85% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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