Qualys (NASDAQ:QLYS) Price Target Raised to $155.00

Qualys (NASDAQ:QLYS) had its price objective boosted by Jefferies Financial Group from $135.00 to $155.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the software maker’s stock.

Other equities research analysts have also recently issued reports about the company. Wedbush lowered their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. UBS Group cut their price objective on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Piper Sandler dropped their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price target on Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Qualys has a consensus rating of “Hold” and a consensus target price of $152.80.

Qualys Price Performance

NASDAQ QLYS opened at $159.23 on Wednesday. The company has a fifty day moving average price of $124.93 and a 200-day moving average price of $136.32. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 35.07 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.20. The firm had revenue of $148.70 million for the quarter, compared to the consensus estimate of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. On average, research analysts anticipate that Qualys will post 3.94 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the transaction, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the sale, the chief financial officer now directly owns 86,576 shares in the company, valued at $10,695,599.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now owns 179,649 shares in the company, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,919 shares of company stock valued at $1,360,140. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Qualys by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after buying an additional 83,504 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Qualys by 14.5% during the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares during the period. Renaissance Technologies LLC increased its position in Qualys by 15.3% in the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after purchasing an additional 3,357 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in shares of Qualys by 1.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after buying an additional 4,932 shares in the last quarter. Hedge funds and other institutional investors own 99.31% of the company’s stock.

Qualys Company Profile

Qualys, Inc, together with its subsidiaries, provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. It offers Qualys Cloud Apps, which include Cybersecurity Asset Management and External Attack Surface Management; Vulnerability Management, Detection and Response; Web Application Scanning; Patch Management; Custom Assessment and Remediation; Multi-Vector Endpoint Detection and Response; Context Extended Detection and Response; Policy Compliance; File Integrity Monitoring; and Qualys TotalCloud, as well as Cloud Workload Protection, Cloud Detection and Response, Cloud Security Posture Management, Infrastructure as Code, and Container Security.