Qualys Inc. (NASDAQ:QLYS) shares shot up 6.4% on Tuesday . The stock traded as high as $32.67 and last traded at $32.58, with a volume of 502,424 shares traded. The stock had previously closed at $30.63.

Several research firms recently weighed in on QLYS. JPMorgan Chase & Co. restated a “sell” rating on shares of Qualys in a research report on Tuesday, May 3rd. Robert W. Baird lowered Qualys from an “outperform” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Tuesday, May 3rd. Zacks Investment Research raised Qualys from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, August 9th. Imperial Capital reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Qualys in a research note on Monday, July 25th. Finally, Summit Redstone reaffirmed a “hold” rating and issued a $30.00 target price on shares of Qualys in a research note on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Qualys has an average rating of “Hold” and a consensus price target of $32.47.

The company has a 50 day moving average price of $30.86 and a 200 day moving average price of $27.65. The firm has a market capitalization of $1.17 billion and a P/E ratio of 69.17.

Qualys (NASDAQ:QLYS) last issued its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $48.50 million for the quarter, compared to the consensus estimate of $48.01 million. The firm’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, equities research analysts expect that Qualys Inc. will post $0.79 EPS for the current fiscal year.

In other Qualys news, Chairman Philippe F. Courtot sold 30,000 shares of Qualys stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $30.49, for a total value of $914,700.00. Following the sale, the chairman now owns 5,472,842 shares of the company’s stock, valued at approximately $166,866,952.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Howard A. Schmidt sold 5,000 shares of Qualys stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $31.18, for a total value of $155,900.00. Following the completion of the sale, the director now directly owns 11,173 shares in the company, valued at approximately $348,374.14. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in Qualys by 35.8% in the fourth quarter. Wells Fargo & Company MN now owns 563,987 shares of the company’s stock worth $18,662,000 after buying an additional 148,567 shares during the last quarter. Jennison Associates LLC increased its stake in Qualys by 1.4% in the fourth quarter. Jennison Associates LLC now owns 253,730 shares of the company’s stock worth $8,396,000 after buying an additional 3,467 shares during the last quarter. Marshall Wace LLP increased its stake in Qualys by 463.9% in the fourth quarter. Marshall Wace LLP now owns 102,023 shares of the company’s stock worth $3,376,000 after buying an additional 83,930 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Qualys during the fourth quarter worth about $2,355,000. Finally, Trexquant Investment LP purchased a new stake in Qualys during the fourth quarter worth about $1,622,000.

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 QualysGuard 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.

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