Qualys (NASDAQ:QLYS) Price Target Raised to $147.00 at DA Davidson

Qualys (NASDAQ:QLYS) had its target price increased by DA Davidson from $120.00 to $147.00 in a report published on Wednesday, Marketbeat Ratings reports. DA Davidson currently has a neutral rating on the software maker’s stock.

A number of other equities analysts have also weighed in on QLYS. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Truist Financial upped their target price on Qualys from $120.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Finally, UBS Group decreased their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.80.

Qualys Price Performance

Shares of Qualys stock opened at $159.23 on Wednesday. The stock has a market capitalization of $5.86 billion, a P/E ratio of 35.07 and a beta of 0.47. The business has a 50 day simple moving average of $124.93 and a two-hundred day simple moving average of $136.32. Qualys has a 12 month low of $119.17 and a 12 month high of $206.35.

Qualys (NASDAQ:QLYS) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The firm had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. During the same period in the prior year, the company earned $0.95 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. As a group, research analysts anticipate that Qualys will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling at Qualys

In related news, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the completion of the sale, the chief executive officer now owns 179,649 shares in the company, valued at $22,493,851.29. 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 through the SEC website. In other news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now owns 55,618 shares in the company, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $125.21, for a total value of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This represents a 0.00 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after purchasing an additional 83,504 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Qualys by 14.5% in the third 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 in the last quarter. Renaissance Technologies LLC increased its stake 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 acquiring an additional 63,000 shares during the period. Bank of New York Mellon Corp lifted its position in Qualys by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after purchasing an additional 3,357 shares during the period. Finally, Van Berkom & Associates Inc. boosted its holdings in Qualys by 1.3% in 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 in the last quarter. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

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.