Analysts at Wedbush assumed coverage on shares of Qualys (NASDAQ:QLYS) in a research report issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $95.00 price target on the software maker’s stock. Wedbush’s target price indicates a potential upside of 27.69% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird restated a “neutral” rating on shares of Qualys in a research report on Thursday. BidaskClub downgraded shares of Qualys from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. First Analysis set a $112.00 target price on shares of Qualys and gave the company a “buy” rating in a research report on Monday, September 10th. ValuEngine downgraded shares of Qualys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Finally, Susquehanna Bancshares upped their target price on shares of Qualys from $65.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.67.

Qualys stock opened at $74.40 on Thursday. Qualys has a 1 year low of $50.90 and a 1 year high of $98.30. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 82.77 and a beta of 1.13.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, July 31st. The software maker reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Qualys had a net margin of 12.04% and a return on equity of 12.70%. The company had revenue of $68.15 million for the quarter, compared to the consensus estimate of $67.13 million. Equities research analysts anticipate that Qualys will post 0.85 earnings per share for the current year.

In other news, insider Sumedh S. Thakar sold 3,825 shares of the company’s stock in a transaction dated Tuesday, October 9th. The stock was sold at an average price of $75.73, for a total value of $289,667.25. Following the completion of the sale, the insider now directly owns 162,227 shares of the company’s stock, valued at approximately $12,285,450.71. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Bruce K. Posey sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $88.49, for a total value of $176,980.00. Following the completion of the sale, the vice president now directly owns 37,548 shares of the company’s stock, valued at $3,322,622.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 294,641 shares of company stock valued at $25,564,932. 18.60% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. HWG Holdings LP increased its stake in shares of Qualys by 1,257.0% in the 3rd quarter. HWG Holdings LP now owns 13,366 shares of the software maker’s stock valued at $1,191,000 after acquiring an additional 12,381 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Qualys during the 3rd quarter worth approximately $146,000. We Are One Seven LLC bought a new stake in Qualys during the 3rd quarter worth approximately $239,000. Fox Run Management L.L.C. bought a new stake in Qualys during the 3rd quarter worth approximately $473,000. Finally, Northern Trust Corp increased its stake in Qualys by 5.1% during the 2nd quarter. Northern Trust Corp now owns 451,801 shares of the software maker’s stock worth $38,086,000 after purchasing an additional 22,051 shares in the last quarter. 82.10% of the stock is 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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