Qualys (NASDAQ:QLYS) Given New $140.00 Price Target at Loop Capital

Qualys (NASDAQ:QLYS) had its target price cut by Loop Capital from $150.00 to $140.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the software maker’s stock.

A number of other research analysts have also weighed in on the company. UBS Group raised their price objective on Qualys from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Westpark Capital restated a “hold” rating on shares of Qualys in a report on Wednesday, November 6th. Royal Bank of Canada dropped their price target on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday. Canaccord Genuity Group reduced their price objective on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com upgraded shares of Qualys from a “hold” rating to a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Qualys has a consensus rating of “Hold” and a consensus price target of $149.25.

Qualys Trading Down 3.7 %

QLYS opened at $135.57 on Friday. Qualys has a 12 month low of $119.17 and a 12 month high of $174.73. The business’s 50-day moving average price is $143.41 and its 200-day moving average price is $135.70. The company has a market cap of $4.96 billion, a P/E ratio of 29.15 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 39.64%. Equities research analysts forecast that Qualys will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $134.49, for a total value of $941,430.00. Following the completion of the sale, the chief executive officer now owns 225,453 shares in the company, valued at approximately $30,321,173.97. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce K. Posey sold 8,555 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the sale, the insider now owns 64,032 shares in the company, valued at $9,900,627.84. The trade was a 11.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,259 shares of company stock valued at $4,578,153 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank raised its position in shares of Qualys by 0.5% during the 4th quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock worth $2,333,000 after buying an additional 77 shares in the last quarter. HighTower Advisors LLC raised its holdings in Qualys by 1.4% during the fourth quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock worth $806,000 after purchasing an additional 80 shares in the last quarter. Financial Enhancement Group LLC lifted its position in Qualys by 1.5% in the third quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after purchasing an additional 91 shares during the period. Fifth Third Bancorp boosted its stake in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after purchasing an additional 99 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Qualys by 12.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock valued at $153,000 after purchasing an additional 123 shares in the last quarter. 99.31% of the stock is owned by institutional investors and hedge funds.

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.