Qualys, Inc. (NASDAQ:QLYS)‘s stock had its “outperform” rating restated by Imperial Capital in a note issued to investors on Wednesday. They presently have a $50.00 target price on the software maker’s stock, up from their previous target price of $46.00. Imperial Capital’s price objective would indicate a potential upside of 9.77% from the stock’s previous close.

Several other research firms have also recently issued reports on QLYS. Zacks Investment Research upgraded Qualys from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Saturday, May 6th. Morgan Stanley reissued an “overweight” rating and set a $50.00 price target (up previously from $45.00) on shares of Qualys in a research note on Thursday, July 20th. Susquehanna Bancshares Inc started coverage on Qualys in a research note on Wednesday, June 7th. They set a “neutral” rating and a $45.00 price target on the stock. BidaskClub lowered Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co raised Qualys from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $40.00 to $55.00 in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Qualys currently has a consensus rating of “Hold” and a consensus price target of $45.25.

Qualys (NASDAQ:QLYS) opened at 45.55 on Wednesday. The firm’s 50-day moving average price is $41.59 and its 200-day moving average price is $38.67. Qualys has a 12 month low of $30.08 and a 12 month high of $47.50. The stock has a market cap of $1.70 billion, a P/E ratio of 44.57 and a beta of 0.93.

Qualys (NASDAQ:QLYS) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $55.30 million for the quarter, compared to analysts’ expectations of $54.87 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Qualys will post $0.90 earnings per share for the current year.

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In other Qualys news, VP Amer Deeba sold 2,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $42.51, for a total transaction of $85,020.00. Following the transaction, the vice president now owns 81,353 shares of the company’s stock, valued at approximately $3,458,316.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Bruce K. Posey sold 11,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $46.32, for a total value of $509,520.00. Following the transaction, the vice president now directly owns 34,495 shares in the company, valued at approximately $1,597,808.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,294 shares of company stock worth $1,180,147. Corporate insiders own 30.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in QLYS. Prudential Financial Inc. increased its stake in Qualys by 1.9% in the first quarter. Prudential Financial Inc. now owns 53,220 shares of the software maker’s stock worth $2,017,000 after buying an additional 1,010 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Qualys by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 62,116 shares of the software maker’s stock worth $2,354,000 after buying an additional 6,221 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Qualys by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 562,465 shares of the software maker’s stock worth $17,802,000 after buying an additional 45,286 shares during the last quarter. Goodman Financial Corp increased its stake in Qualys by 0.8% in the first quarter. Goodman Financial Corp now owns 180,635 shares of the software maker’s stock worth $6,846,000 after buying an additional 1,480 shares during the last quarter. Finally, Financial Enhancement Group LLC purchased a new stake in Qualys during the first quarter worth approximately $3,601,000. Institutional investors and hedge funds own 75.29% of the company’s stock.

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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