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Analysts at JPMorgan Lowered Qualys (NASDAQ:QLYS) from “Overweight” to “Neutral” Rating

JP Morgan Analyst Rating Change Qualys NASDAQ:QLYS

Qualys (NASDAQ:QLYS) Change of Rating

JPMorgan gave Qualys (NASDAQ:QLYS) shares a new “Neutral” rating in analysts note issued on Tuesday morning. This is decrease from the last “Overweight” rating.

According to data compiled by Thomson Reuters, Qualys (NASDAQ:QLYS)’s stock is covered by 13 equity analysts across the Street, with 1 analysts giving it a Sell rating, 7 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $31.38, which reflects an downside potential of 48.18% over the current price.

Institutional Ownership

Shearlink Capital Llc had the largest stake with ownership of 1.02M shares as of q2 2015 for 12.4% of the long stock exposure. Goodman Financial Corp is another notably bullish active investment manager who is possessing 180,080 shares of Qualys or 4.11% of their long stock exposure. Also, Ranger Investment Management L.P. have 1.57% of their long stock exposure invested in the company for 574,710 shares. The Minnesota-based fund Summit Creek Advisors Llc revealed it had purchased a stake worth about 1.51% of the active investment manager’s stock portfolio in Qualys. The United Kingdom-based fund Herald Investment Management Ltd is also positive about the stock, possessing 240,598 shares or 1.24% of their long stock exposure.

Qualys (NASDAQ:QLYS) 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.

Qualys (NASDAQ:QLYS) traded down -0.98% on 12 December, hitting $60.55. A total of 390,228 shares of the company’s stock traded hands. This is up from average of 340,204 shares. Qualys has a 52 week low of $30.60 and a 52 week high of $61.4. The company has a market cap of $2.30B and a P/E ratio of 54.63.

Get the latest Qualys (NASDAQ:QLYS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at JPMorgan Lowered Qualys (NASDAQ:QLYS) from “Overweight” to “Neutral” Rating appeared first on Octafinance.

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Analysts at JPMorgan Lowered Qualys (NASDAQ:QLYS) from “Overweight” to “Neutral” Rating


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