Qualys (NASDAQ:QLYS) Price Target Raised to $160.00

Qualys (NASDAQ:QLYS) had its price objective hoisted by UBS Group from $140.00 to $160.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

QLYS has been the topic of several other research reports. Canaccord Genuity Group boosted their price target on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a report on Wednesday. Truist Financial upped their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Scotiabank decreased their target price on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Stock Down 0.7 %

QLYS traded down $1.09 on Wednesday, reaching $153.99. The company’s stock had a trading volume of 711,963 shares, compared to its average volume of 445,613. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 33.92 and a beta of 0.47. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The stock has a 50 day moving average of $126.10 and a two-hundred day moving average of $136.35.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The firm had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same period last year, the firm posted $1.24 EPS. The company’s revenue was up 8.4% on a year-over-year basis. As a group, analysts anticipate that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joo Mi Kim sold 616 shares of Qualys stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the transaction, the insider now owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This represents 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. Also, CFO Joo Mi Kim sold 616 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Qualys

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its position in shares of Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the period. UMB Bank n.a. boosted its holdings in shares of Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after buying an additional 143 shares during the period. Quarry LP purchased a new position in shares of Qualys in the second quarter worth approximately $40,000. DT Investment Partners LLC acquired a new position in Qualys during the second quarter valued at $41,000. Finally, Exchange Traded Concepts LLC boosted its position in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after acquiring an additional 223 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

About Qualys

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.