Qualys, Inc. (NASDAQ:QLYS) has been assigned a $48.00 price target by Northland Securities in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the software maker’s stock. Northland Securities’ target price suggests a potential downside of 6.80% from the company’s current price.

Several other analysts have also recently issued reports on the company. Zacks Investment Research upgraded Qualys from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, July 20th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 price objective (up from $45.00) on shares of Qualys in a research note on Thursday, July 20th. Monness Crespi & Hardt began coverage on Qualys in a research note on Monday, July 10th. They issued a “neutral” rating on the stock. Robert W. Baird set a $42.00 price target on Qualys and gave the company a “hold” rating in a research note on Sunday, July 30th. Finally, BidaskClub cut Qualys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.55.

Shares of Qualys (QLYS) traded down 0.68% on Wednesday, hitting $51.15. The stock had a trading volume of 33,304 shares. The stock has a 50 day moving average of $51.17 and a 200 day moving average of $43.86. Qualys has a 12-month low of $30.60 and a 12-month high of $54.15. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 50.05 and a beta of 0.91.

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

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In related news, Director Todd P. Headley sold 4,714 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.25, for a total value of $213,308.50. Following the completion of the sale, the director now owns 14,410 shares in the company, valued at $652,052.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sumedh S. Thakar sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $53.00, for a total transaction of $106,000.00. Following the completion of the sale, the insider now owns 124,051 shares of the company’s stock, valued at approximately $6,574,703. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,908 shares of company stock worth $3,231,668. Corporate insiders own 30.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Qualys in the second quarter valued at about $103,000. Ameritas Investment Partners Inc. lifted its position in Qualys by 17.4% in the second quarter. Ameritas Investment Partners Inc. now owns 2,757 shares of the software maker’s stock valued at $112,000 after purchasing an additional 408 shares during the period. US Bancorp DE lifted its position in Qualys by 448.8% in the first quarter. US Bancorp DE now owns 3,743 shares of the software maker’s stock valued at $142,000 after purchasing an additional 3,061 shares during the period. Victory Capital Management Inc. lifted its position in Qualys by 131.6% in the first quarter. Victory Capital Management Inc. now owns 3,847 shares of the software maker’s stock valued at $146,000 after purchasing an additional 2,186 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in Qualys by 2.9% in the second quarter. Pinebridge Investments L.P. now owns 3,952 shares of the software maker’s stock valued at $161,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 73.57% of the company’s stock.

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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