Piper Sandler Trims Qualys (NASDAQ:QLYS) Target Price to $115.00

Qualys (NASDAQ:QLYS) had its price target lowered by Piper Sandler from $116.00 to $115.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an underweight rating on the software maker’s stock.

Several other analysts also recently issued reports on QLYS. Robert W. Baird cut their price objective on Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. Truist Financial lowered their target price on shares of Qualys from $175.00 to $165.00 and set a hold rating on the stock in a research report on Wednesday, May 8th. StockNews.com lowered Qualys from a buy rating to a hold rating in a report on Saturday, August 3rd. Needham & Company LLC reiterated a hold rating on shares of Qualys in a report on Monday, May 13th. Finally, Scotiabank began coverage on shares of Qualys in a research report on Friday, April 26th. They issued a sector perform rating and a $172.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $149.92.

Qualys Trading Down 0.9 %

NASDAQ QLYS traded down $1.20 during mid-day trading on Wednesday, reaching $125.93. 431,568 shares of the company’s stock traded hands, compared to its average volume of 420,919. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 29.15 and a beta of 0.49. Qualys has a 1-year low of $121.64 and a 1-year high of $206.35. The company has a fifty day simple moving average of $139.67 and a 200-day simple moving average of $156.31.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. The company had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 46.72% and a net margin of 29.36%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. Equities research analysts forecast that Qualys will post 3.42 earnings per share for the current fiscal year.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at approximately $8,658,627.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of Qualys stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares of the company’s stock, valued at approximately $8,658,627.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $143.35, for a total value of $191,945.65. Following the completion of the sale, the insider now owns 58,947 shares in the company, valued at approximately $8,450,052.45. The disclosure for this sale can be found here. Insiders sold 29,715 shares of company stock valued at $4,142,951 over the last quarter. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after buying an additional 63,000 shares during the period. Quantbot Technologies LP grew its holdings in Qualys by 259.8% during the 2nd quarter. Quantbot Technologies LP now owns 36,103 shares of the software maker’s stock worth $5,148,000 after acquiring an additional 26,069 shares during the period. WINTON GROUP Ltd raised its position in shares of Qualys by 29.8% in the 2nd quarter. WINTON GROUP Ltd now owns 6,647 shares of the software maker’s stock worth $948,000 after acquiring an additional 1,528 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Qualys by 45.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 168,400 shares of the software maker’s stock valued at $24,014,000 after purchasing an additional 52,495 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Qualys by 5.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,587 shares of the software maker’s stock valued at $2,080,000 after purchasing an additional 802 shares during the period. Institutional investors 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.