JP Morgan Issues a Downgrade for Qualys (NASDAQ:QLYS) from a Neutral to Underweight Rating


Qualys (NASDAQ:QLYS) Receives a Downgrade

Analysts at JP Morgan’s equity research division cut the rating for shares of Qualys (NASDAQ:QLYS) from a Neutral to a Underweight on Thursday morning.

From a total of 14 analysts covering Qualys (NASDAQ:QLYS) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $51 while the lowest target price is $31. The mean of all analyst targets is $42.93 with a 23.00% above today’s ($36.18) stock price. Qualys was the topic of 11 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Wunderlich maintained shares on November 3 with “Buy” rating. Topeka Capital Markets maintained shares with “Buy” rating and $49 target share price in a report from an August 4. DA Davidson initiated QLYS stock in a recent report from October 16 with “Buy” rating. Finally, Stifel Nicolaus initiated the stock with “Hold” rating in a report issued on a September 29.

Approximately 333,887 shares of stock traded hands or 6.33% up from the average. Qualys Inc (NASDAQ:QLYS) has risen 1.86% since May 7, 2015 and is uptrending. It has outperformed by 3.80% the S&P500.

The overall sentiment of institutions has decreased to 1.08 in Q2 2015. Its down 0.04, from 1.12 in 2015Q2. The ratio worsened, as 36 institutions have sold all the shares of Qualys Inc that they owned while 42 funds have taken shares off the table. 32 funds have purchased shares for the first time while 52 added to their positions. These institutions now hold 21.64 million shares or 5.23% more than the 20.56 million shares they owned in 2015Q2.

The Fund Alpinvest Partners B.V. currently is holding shares equating to 4.5% of its total portfolio in Qualys Inc representing a total of 80,331 shares. Another fund,Goodman Financial Corp, is holding a total of 138,955 shares equating to 2.52% of their holdings. Additionally, Portolan Capital Management Llc has a 335,585 share stake in Qualys Inc which represents 1.27% of their total portfolio. The Fund, Champlain Investment Partners Llc, based out of Us, has also built up a stake in the stock, which represents a total of 1.23% of their total portfolio. Finally Herald Investment Management Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 87,250 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 25, 2015, shareholders of Qualys Inc have witnessed 0 insider purchases, and a total of 2 selling transactions equating to a net activity of approximately $133,739 . Thakar Sumedh S sold 1,500 shares worth approximately $58,404. Deeba Amer sold 2,000 shares worth approximately $75,335. Mccauley Donald C sold 4,499 shares worth approximately $243,111.

Qualys, Inc. is a provider of cloud security and compliance solutions. The company has a market cap of $1.30 billion. The Company’s solutions enable organizations to identify security risks to their information technology infrastructures, help protect their IT systems and applications from cyber attacks. It has 37.78 P/E ratio. The Company’s suite of security and compliance solutions delivered on its QualysGuard Cloud Platform enables its clients 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.

According to Zacks Investment Research, “Qualys, Inc. is a provider of cloud security and compliance solutions that enable organizations to identify security risks to their information technology infrastructures help protect their IT systems and applications from cyber-attacks. The Company’s solutions are provided through its QualysGuard Cloud Platform. It offers products for vulnerability management, policy compliance, web application scanning, malware detection, and associated security products. Qualys, Inc. is headquartered in Redwood City, California.” Get a free copy of the Zacks research report on Qualys Inc (QLYS).