Qualys Gets a Hold Rating from J.P. Morgan

By Jason Carr

J.P. Morgan analyst Sterling Auty maintained a Hold rating on Qualys (NASDAQ: QLYS) today and set a price target of $70. The company’s shares closed yesterday at $62.60, close to its 52-week high of $65.25.

According to TipRanks.com, Auty is a 5-star analyst with an average return of 16.2% and a 67.0% success rate. Auty covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Forescout Technologies Inc, and CSG Systems International.

Currently, the analyst consensus on Qualys is Hold and the average price target is $66.67, representing a 6.5% upside.

In a report released today, Robert W. Baird also maintained a Hold rating on the stock.

Qualys’ market cap is currently $2.37B and has a P/E ratio of 56.91. The company has a book value ratio of 7.2406.

Based on the recent corporate insider activity of 103 insiders, corporate insider sentiment is negative on the stock. Last month, Sumedh Thakar, the CPO of QLYS sold 2,000 shares for a total of $126,780.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Qualys, Inc. engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures; help protect information technology systems and applications from cyber attacks; and achieve compliance with internal policies and external regulations.