Qualys (NASDAQ:QLYS) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other research firms also recently issued reports on QLYS. Zacks Investment Research raised shares of Qualys from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a research report on Wednesday, November 7th. JMP Securities raised shares of Qualys from a “market perform” rating to an “outperform” rating in a research report on Friday, January 4th. Morgan Stanley lowered their price objective on shares of Qualys from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Monness Crespi & Hardt lowered their price objective on shares of Qualys from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Qualys in a research report on Wednesday, October 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $88.25.

QLYS opened at $80.66 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of 89.62 and a beta of 1.31. Qualys has a 1 year low of $57.20 and a 1 year high of $98.30.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, October 30th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.11. The firm had revenue of $71.70 million during the quarter, compared to the consensus estimate of $71.22 million. Qualys had a net margin of 17.10% and a return on equity of 14.18%. The company’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. Analysts expect that Qualys will post 1.07 earnings per share for the current year.

In other Qualys news, CFO Melissa B. Fisher sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $72.39, for a total value of $108,585.00. Following the completion of the sale, the chief financial officer now owns 159,001 shares of the company’s stock, valued at $11,510,082.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Bruce K. Posey sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $76.28, for a total transaction of $152,560.00. Following the completion of the sale, the vice president now directly owns 59,442 shares of the company’s stock, valued at approximately $4,534,235.76. The disclosure for this sale can be found here. Insiders sold 33,141 shares of company stock valued at $2,472,370 in the last ninety days. 18.60% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in QLYS. BlackRock Inc. grew its position in shares of Qualys by 5.5% during the third quarter. BlackRock Inc. now owns 4,880,617 shares of the software maker’s stock worth $434,863,000 after buying an additional 255,598 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Qualys by 300.5% during the third quarter. Allianz Asset Management GmbH now owns 187,166 shares of the software maker’s stock worth $16,677,000 after buying an additional 140,433 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Qualys by 66.2% during the third quarter. Wells Fargo & Company MN now owns 293,250 shares of the software maker’s stock worth $26,130,000 after buying an additional 116,753 shares in the last quarter. Vanguard Group Inc grew its position in shares of Qualys by 3.1% during the third quarter. Vanguard Group Inc now owns 3,392,117 shares of the software maker’s stock worth $302,238,000 after buying an additional 102,212 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Qualys by 3.1% during the third quarter. Vanguard Group Inc. now owns 3,392,117 shares of the software maker’s stock worth $302,238,000 after buying an additional 102,212 shares in the last quarter. 82.71% of the stock is owned by institutional investors and hedge funds.

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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