Qualys (NASDAQ:QLYS) Price Target Raised to $140.00

Qualys (NASDAQ:QLYS) had its price objective upped by Royal Bank of Canada from $131.00 to $140.00 in a research report released on Wednesday, MarketBeat.com reports. Royal Bank of Canada currently has a sector perform rating on the software maker’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Qualys from $122.00 to $117.00 and set an “underweight” rating on the stock in a report on Monday, April 28th. Jefferies Financial Group dropped their target price on shares of Qualys from $145.00 to $130.00 and set a “hold” rating on the stock in a report on Monday, March 31st. Wedbush decreased their target price on shares of Qualys from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Finally, Scotiabank reduced their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $137.50.

Qualys Stock Down 0.9 %

NASDAQ:QLYS opened at $132.31 on Wednesday. Qualys has a 52 week low of $112.61 and a 52 week high of $170.00. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 28.45 and a beta of 0.61. The company’s 50 day moving average price is $125.57 and its 200-day moving average price is $135.96.

Qualys (NASDAQ:QLYS) last posted its earnings results on Tuesday, May 6th. The software maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.21. Qualys had a return on equity of 38.52% and a net margin of 28.59%. The business had revenue of $159.90 million during the quarter, compared to analyst estimates of $157.05 million. During the same quarter last year, the company earned $1.45 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Qualys will post 3.85 earnings per share for the current year.

Insider Transactions at Qualys

In related news, 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 transaction of $995,190.00. Following the completion of the sale, the chief executive officer now owns 246,144 shares in the company, valued at approximately $34,994,292.48. This trade represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bruce K. Posey sold 524 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $129.38, for a total value of $67,795.12. Following the completion of the transaction, the insider now directly owns 65,053 shares in the company, valued at approximately $8,416,557.14. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,156 shares of company stock valued at $4,164,721 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in shares of Qualys during the first quarter worth $127,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Qualys by 56.5% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 11,226 shares of the software maker’s stock valued at $1,414,000 after purchasing an additional 4,054 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of Qualys by 52.4% during the first quarter. Manchester Capital Management LLC now owns 436 shares of the software maker’s stock valued at $55,000 after purchasing an additional 150 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Qualys by 9.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,602 shares of the software maker’s stock worth $705,000 after purchasing an additional 463 shares during the last quarter. Finally, Jefferies Financial Group Inc. lifted its position in shares of Qualys by 818.1% in the first quarter. Jefferies Financial Group Inc. now owns 17,857 shares of the software maker’s stock worth $2,249,000 after buying an additional 15,912 shares in the last quarter. Institutional investors 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.