Analysts Set Qualys, Inc. (NASDAQ:QLYS) PT at $137.50

Shares of Qualys, Inc. (NASDAQ:QLYS) have received a consensus rating of “Reduce” from the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $137.50.

A number of research firms have recently commented on QLYS. Wall Street Zen downgraded Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Wedbush decreased their price target on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Morgan Stanley dropped their price objective on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Canaccord Genuity Group reduced their target price on shares of Qualys from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Scotiabank set a $142.00 price target on shares of Qualys and gave the company a “sector perform” rating in a report on Wednesday, May 7th.

Insider Activity at Qualys

In other news, CEO Sumedh S. Thakar sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $139.47, for a total transaction of $1,185,495.00. Following the transaction, the chief executive officer now directly owns 229,962 shares of the company’s stock, valued at approximately $32,072,800.14. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bruce K. Posey sold 540 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $117.86, for a total value of $63,644.40. Following the completion of the sale, the insider now owns 64,513 shares of the company’s stock, valued at $7,603,502.18. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,105 shares of company stock worth $4,390,137 in the last quarter. 0.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its holdings in shares of Qualys by 3.2% in the 1st quarter. Voya Investment Management LLC now owns 293,050 shares of the software maker’s stock worth $36,904,000 after buying an additional 9,212 shares during the period. Cim LLC raised its holdings in shares of Qualys by 1.2% in the first quarter. Cim LLC now owns 8,561 shares of the software maker’s stock valued at $1,078,000 after acquiring an additional 98 shares in the last quarter. Strs Ohio bought a new stake in shares of Qualys in the first quarter valued at about $416,000. Intech Investment Management LLC lifted its stake in Qualys by 35.6% in the first quarter. Intech Investment Management LLC now owns 23,988 shares of the software maker’s stock worth $3,021,000 after acquiring an additional 6,292 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Qualys by 92.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 643,238 shares of the software maker’s stock worth $81,003,000 after acquiring an additional 308,635 shares in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Stock Performance

Shares of NASDAQ QLYS opened at $135.73 on Thursday. The company has a market cap of $4.93 billion, a P/E ratio of 27.76 and a beta of 0.61. Qualys has a 52-week low of $112.61 and a 52-week high of $170.00. The firm’s fifty day moving average is $132.93 and its two-hundred day moving average is $134.98.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, May 6th. The software maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.21. The firm had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. Qualys had a return on equity of 38.05% and a net margin of 29.19%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. As a group, analysts forecast that Qualys will post 3.85 EPS for the current fiscal year.

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.