Qualys, Inc. (NASDAQ:QLYS) Receives $152.80 Average PT from Analysts

Qualys, Inc. (NASDAQ:QLYS) has been given an average recommendation of “Reduce” by the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $152.80.

QLYS has been the subject of several recent analyst reports. DA Davidson upped their price objective on Qualys from $120.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Canaccord Genuity Group increased their target price on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Needham & Company LLC initiated coverage on shares of Qualys in a report on Wednesday, November 6th. They set a “hold” rating on the stock. Royal Bank of Canada increased their price objective on shares of Qualys from $150.00 to $162.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 6th. Finally, Truist Financial boosted their target price on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th.

Insider Buying and Selling at Qualys

In related news, Director Jeffrey P. Hank sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $146.31, for a total transaction of $585,240.00. Following the sale, the director now owns 12,666 shares in the company, valued at $1,853,162.46. This represents a 24.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 882 shares of Qualys stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total value of $123,180.12. Following the completion of the sale, the insider now owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. The trade was a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,259 shares of company stock valued at $4,578,153. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Qualys

Several large investors have recently modified their holdings of the stock. Trust Point Inc. bought a new position in Qualys during the fourth quarter worth $376,000. Boston Trust Walden Corp raised its holdings in shares of Qualys by 13.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock valued at $147,178,000 after purchasing an additional 123,530 shares during the period. Willis Investment Counsel boosted its position in shares of Qualys by 4.5% during the 4th quarter. Willis Investment Counsel now owns 10,629 shares of the software maker’s stock worth $1,490,000 after purchasing an additional 457 shares in the last quarter. Norris Perne & French LLP MI grew its stake in shares of Qualys by 0.8% in the 4th quarter. Norris Perne & French LLP MI now owns 114,700 shares of the software maker’s stock valued at $16,083,000 after buying an additional 882 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Qualys by 62.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 52,024 shares of the software maker’s stock valued at $7,295,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $143.14 on Monday. The stock has a market capitalization of $5.24 billion, a P/E ratio of 31.53 and a beta of 0.57. The stock’s fifty day moving average is $144.75 and its 200 day moving average is $135.63. Qualys has a 52 week low of $119.17 and a 52 week high of $199.37.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The business had revenue of $153.87 million for the quarter, compared to analyst estimates of $150.74 million. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research analysts forecast that Qualys will post 4.34 earnings per share for the current year.

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.