Qualys (NASDAQ:QLYS) Price Target Cut to $120.00

Qualys (NASDAQ:QLYS) had its price target reduced by equities research analysts at Truist Financial from $130.00 to $120.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the software maker’s stock. Truist Financial’s price objective points to a potential upside of 0.07% from the stock’s previous close.

A number of other research firms also recently weighed in on QLYS. UBS Group dropped their price target on shares of Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. DA Davidson raised shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Northland Securities reissued a “market perform” rating and set a $140.00 price target (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Qualys currently has an average rating of “Hold” and a consensus target price of $144.23.

Qualys Trading Down 1.3 %

Shares of NASDAQ QLYS opened at $119.92 on Wednesday. Qualys has a 1-year low of $119.32 and a 1-year high of $206.35. The company has a market cap of $4.41 billion, a PE ratio of 26.41 and a beta of 0.46. The company has a 50-day moving average of $124.44 and a two-hundred day moving average of $138.90.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share 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 company had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Qualys will post 3.94 earnings per share for the current year.

Insider Activity

In other news, insider Bruce K. Posey sold 1,339 shares of the company’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 value 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. 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 available through the SEC website. In other news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 86,576 shares in the company, valued at $10,695,599.04. 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 available through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the company’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 of the company’s stock, valued at $6,830,273.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,535 shares of company stock worth $1,442,641 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in QLYS. Millennium Management LLC boosted its holdings 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. boosted its holdings in Qualys by 50.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after purchasing an additional 169,293 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Qualys by 169.7% during the first quarter. Jupiter Asset Management Ltd. now owns 245,522 shares of the software maker’s stock worth $40,970,000 after purchasing an additional 154,492 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in 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 purchasing an additional 139,897 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in Qualys by 14.5% during the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after purchasing an additional 117,079 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.