Qualys (NASDAQ:QLYS) Price Target Cut to $117.00 by Analysts at JPMorgan Chase & Co.

Qualys (NASDAQ:QLYS) had its target price dropped by JPMorgan Chase & Co. from $122.00 to $117.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 7.69% from the stock’s current price.

QLYS has been the subject of several other research reports. Canaccord Genuity Group reduced their price target on shares of Qualys from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, February 7th. StockNews.com raised Qualys from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Loop Capital dropped their price target on Qualys from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group lowered their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Finally, Morgan Stanley reduced their target price on shares of Qualys from $120.00 to $90.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.53.

Qualys Stock Up 1.5 %

QLYS stock opened at $126.75 on Monday. Qualys has a 52-week low of $112.61 and a 52-week high of $172.70. The company’s 50-day simple moving average is $126.80 and its 200-day simple moving average is $135.93. The firm has a market cap of $4.62 billion, a P/E ratio of 27.26 and a beta of 0.71.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, analysts anticipate that Qualys will post 3.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Bruce K. Posey sold 540 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $117.86, for a total value of $63,644.40. Following the sale, the insider now owns 64,513 shares in the company, valued at approximately $7,603,502.18. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sumedh S. Thakar sold 7,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the transaction, the chief executive officer now directly owns 246,144 shares in the company, valued at approximately $34,994,292.48. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,138 shares of company stock worth $3,519,970 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several institutional investors have recently modified their holdings of QLYS. Assenagon Asset Management S.A. boosted its stake in shares of Qualys by 1,386.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 355,699 shares of the software maker’s stock valued at $49,876,000 after buying an additional 331,766 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Qualys during the 4th quarter worth approximately $27,086,000. Vanguard Group Inc. increased its position in shares of Qualys by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,312,662 shares of the software maker’s stock valued at $604,721,000 after purchasing an additional 131,339 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Qualys by 13.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,049,623 shares of the software maker’s stock worth $147,178,000 after purchasing an additional 123,530 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Qualys by 43,505.0% in the first quarter. GAMMA Investing LLC now owns 122,530 shares of the software maker’s stock valued at $15,430,000 after buying an additional 122,249 shares during the last quarter. Institutional investors and hedge funds 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.