Qualys (NASDAQ:QLYS) Price Target Lowered to $90.00 at Morgan Stanley

Qualys (NASDAQ:QLYS) had its price target decreased by Morgan Stanley from $120.00 to $90.00 in a research note released on Wednesday,Benzinga reports. Morgan Stanley currently has an underweight rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com raised shares of Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Jefferies Financial Group cut their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Loop Capital lowered their price objective on Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 7th. Finally, Scotiabank reduced their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $142.21.

Qualys Stock Performance

Shares of Qualys stock opened at $121.35 on Wednesday. Qualys has a fifty-two week low of $112.61 and a fifty-two week high of $174.20. The company has a market cap of $4.43 billion, a P/E ratio of 26.10 and a beta of 0.71. The firm has a 50-day simple moving average of $129.57 and a two-hundred day simple moving average of $135.97.

Qualys (NASDAQ:QLYS) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. Equities research analysts forecast that Qualys will post 3.85 EPS for the current year.

Insider Activity

In other news, CFO Joo Mi Kim sold 1,358 shares of the company’s stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $124.87, for a total value of $169,573.46. Following the transaction, the chief financial officer now owns 105,740 shares of the company’s stock, valued at $13,203,753.80. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 882 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $139.66, for a total value of $123,180.12. Following the transaction, the insider now owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. This represents a 1.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,480 shares of company stock valued at $3,579,506. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of QLYS. Charles Schwab Investment Management Inc. raised its stake in shares of Qualys by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after acquiring an additional 3,848 shares during the period. Raymond James Financial Inc. purchased a new stake in Qualys in the fourth quarter valued at approximately $15,937,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock worth $1,095,000 after purchasing an additional 933 shares in the last quarter. Trust Point Inc. acquired a new position in Qualys during the fourth quarter worth $376,000. Finally, Kestra Private Wealth Services LLC boosted its position in shares of Qualys by 26.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,253 shares of the software maker’s stock worth $596,000 after buying an additional 902 shares during the period. 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.