Qualys, Inc. (NASDAQ:QLYS) Receives $144.23 Average PT from Brokerages

Qualys, Inc. (NASDAQ:QLYS) has received a consensus rating of “Reduce” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $152.80.

QLYS has been the subject of several analyst reports. Northland Securities reaffirmed a “market perform” rating and issued a $140.00 price objective (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Scotiabank cut their price objective on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group raised their target price on shares of Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday. TD Cowen upped their price target on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on shares of Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday.

Qualys Trading Down 0.7 %

Shares of Qualys stock opened at $153.99 on Wednesday. The firm has a market cap of $5.63 billion, a PE ratio of 33.92 and a beta of 0.47. The stock has a 50 day moving average of $126.10 and a 200 day moving average of $136.35. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35.

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 return on equity of 40.24% and a net margin of 28.72%. The firm had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the prior year, the company earned $1.24 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts forecast that Qualys will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the transaction, the chief financial officer now directly owns 85,942 shares of the company’s stock, valued at $10,501,252.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction that occurred on Friday, September 20th. The shares were 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 $6,885,508.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joo Mi Kim sold 634 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.19, for a total transaction of $77,468.46. Following the sale, the chief financial officer now directly owns 85,942 shares of the company’s stock, valued at $10,501,252.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock worth $1,360,140 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after purchasing an additional 83,504 shares in the last quarter. Boston Trust Walden Corp increased its position 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 valued at $118,966,000 after acquiring an additional 117,079 shares during the period. Renaissance Technologies LLC raised its stake in Qualys by 15.3% in the 2nd quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after acquiring an additional 63,000 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after acquiring an additional 3,357 shares during the period. Finally, Van Berkom & Associates Inc. grew its stake in Qualys by 1.3% during the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after purchasing an additional 4,932 shares during the last quarter. Institutional investors and hedge funds own 99.31% of the company’s stock.

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.