Qualys (NASDAQ:QLYS) Price Target Cut to $120.00 by Analysts at Truist Financial

Qualys (NASDAQ:QLYS) had its price objective reduced by Truist Financial from $130.00 to $120.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a hold rating on the software maker’s stock.

QLYS has been the subject of a number of other research reports. UBS Group reduced their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their price objective on shares of Qualys from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wedbush reduced their target price on shares of Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com cut shares of Qualys from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.23.

Qualys Stock Up 1.0 %

QLYS stock opened at $121.12 on Wednesday. The firm has a market capitalization of $4.46 billion, a PE ratio of 26.68 and a beta of 0.46. Qualys has a twelve month low of $119.32 and a twelve month high of $206.35. The stock’s 50 day moving average is $124.42 and its 200-day moving average is $138.39.

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

Insider Activity

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. In other news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the sale, the insider now owns 55,279 shares in the company, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,535 shares of company stock worth $1,442,641 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Qualys

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in Qualys by 100.7% during the second quarter. Millennium Management LLC now owns 367,470 shares of the software maker’s stock worth $52,401,000 after purchasing an additional 184,403 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Qualys by 50.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after buying an additional 169,293 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Qualys by 169.7% in the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after buying an additional 154,492 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Qualys by 95.7% during the second quarter. Acadian Asset Management LLC now owns 286,005 shares of the software maker’s stock worth $40,771,000 after acquiring an additional 139,897 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in shares of Qualys by 14.5% in the 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after acquiring an additional 117,079 shares during the last quarter. 99.31% of the stock is owned by 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.