Qualys (NASDAQ:QLYS) PT Lowered to $123.00 at Morgan Stanley

Qualys (NASDAQ:QLYS) had its price target cut by Morgan Stanley from $136.00 to $123.00 in a research report report published on Wednesday, Benzinga reports. They currently have an underweight rating on the software maker’s stock.

Several other brokerages have also weighed in on QLYS. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Westpark Capital reaffirmed a “hold” rating on shares of Qualys in a research report on Monday, August 5th. TD Cowen cut their target price on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, October 7th. Royal Bank of Canada lowered their price target on Qualys from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler cut their price objective on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $144.23.

Qualys Stock Performance

QLYS stock opened at $121.12 on Wednesday. Qualys has a one year low of $119.32 and a one year high of $206.35. The firm has a market cap of $4.46 billion, a PE ratio of 26.68 and a beta of 0.46. The firm’s 50 day moving average price is $124.42 and its 200-day moving average price is $138.59.

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

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares in the company, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the sale, the insider now directly owns 55,279 shares in the company, valued at $6,830,273.24. This trade 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 available at this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,535 shares of company stock worth $1,442,641. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLYS. Bank of Montreal Can boosted its holdings in shares of Qualys by 2.2% in the 2nd quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock valued at $699,000 after buying an additional 107 shares in the last quarter. Legacy Advisors LLC boosted its stake in Qualys by 1.4% in the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock valued at $1,180,000 after acquiring an additional 113 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Qualys by 0.3% during the first quarter. Retirement Systems of Alabama now owns 46,193 shares of the software maker’s stock worth $7,708,000 after purchasing an additional 121 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Qualys by 8.1% during the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock worth $281,000 after purchasing an additional 126 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Qualys by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds 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.