Qualys (NASDAQ:QLYS) Price Target Raised to $160.00

Qualys (NASDAQ:QLYS) had its price objective raised by UBS Group from $140.00 to $160.00 in a research note published on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the software maker’s stock.

Other analysts also recently issued reports about the company. Morgan Stanley increased their target price on Qualys from $123.00 to $126.00 and gave the company an “underweight” rating in a research note on Wednesday. Westpark Capital restated a “hold” rating on shares of Qualys in a report on Wednesday. StockNews.com lowered shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. TD Cowen raised their price target on Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Canaccord Genuity Group upped their price objective on Qualys from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Qualys currently has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Price Performance

Shares of NASDAQ QLYS opened at $159.23 on Wednesday. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35. The firm has a 50-day moving average of $124.93 and a 200 day moving average of $136.32. The stock has a market cap of $5.86 billion, a P/E ratio of 35.07 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last posted its quarterly 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 firm had revenue of $148.70 million during the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 44.80% and a net margin of 29.36%. Qualys’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. Research analysts expect that Qualys will post 3.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Qualys 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 value of $165,446.84. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the sale, the insider now owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its holdings in Qualys by 294.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after acquiring an additional 168 shares during the last quarter. UMB Bank n.a. grew its position in Qualys by 149.0% in the second quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock worth $34,000 after acquiring an additional 143 shares during the period. Quarry LP purchased a new position in Qualys during the second quarter worth about $40,000. DT Investment Partners LLC acquired a new position in Qualys in the 2nd quarter valued at about $41,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Qualys by 53.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after buying an additional 223 shares in 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.