J P Morgan Chase & Co upgraded shares of Qualys, Inc. (NASDAQ:QLYS) from a neutral rating to an overweight rating in a research note published on Thursday, Marketbeat reports. They currently have $55.00 price target on the software maker’s stock, up from their prior price target of $40.00.

Several other analysts also recently weighed in on QLYS. Robert W. Baird restated a hold rating on shares of Qualys in a research note on Wednesday, May 3rd. Imperial Capital increased their target price on Qualys from $40.00 to $46.00 and gave the company an outperform rating in a research note on Friday, May 5th. Zacks Investment Research upgraded Qualys from a hold rating to a strong-buy rating and set a $46.00 target price for the company in a research note on Saturday, May 6th. Royal Bank Of Canada restated a sector perform rating and set a $45.00 target price (up previously from $39.00) on shares of Qualys in a research note on Tuesday, May 23rd. Finally, Susquehanna Bancshares Inc initiated coverage on Qualys in a research note on Wednesday, June 7th. They set a neutral rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $44.92.

Shares of Qualys (NASDAQ:QLYS) opened at 46.25 on Thursday. The firm’s 50-day moving average price is $41.29 and its 200 day moving average price is $38.55. Qualys has a 12-month low of $30.00 and a 12-month high of $46.90. The stock has a market capitalization of $1.72 billion, a P/E ratio of 45.25 and a beta of 0.93.

Qualys (NASDAQ:QLYS) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. Qualys had a return on equity of 14.69% and a net margin of 18.92%. The firm had revenue of $55.30 million during the quarter, compared to the consensus estimate of $54.87 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts predict that Qualys will post $0.90 EPS for the current fiscal year.

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In other news, insider Sumedh S. Thakar sold 1,800 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $40.67, for a total value of $73,206.00. Following the completion of the transaction, the insider now directly owns 138,631 shares of the company’s stock, valued at approximately $5,638,122.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amer Deeba sold 2,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $40.21, for a total value of $80,420.00. Following the completion of the transaction, the vice president now directly owns 81,353 shares of the company’s stock, valued at $3,271,204.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,719 shares of company stock valued at $482,662. Insiders own 30.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Qualys during the second quarter worth about $103,000. State of Alaska Department of Revenue boosted its position in shares of Qualys by 4.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the software maker’s stock worth $123,000 after buying an additional 150 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Qualys by 226.3% in the first quarter. LS Investment Advisors LLC now owns 3,403 shares of the software maker’s stock worth $129,000 after buying an additional 2,360 shares during the last quarter. US Bancorp DE boosted its position in shares of Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock worth $142,000 after buying an additional 3,061 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock worth $146,000 after buying an additional 2,186 shares during the last quarter. 75.29% of the stock is owned by institutional investors and hedge funds.

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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