Qualys (NASDAQ:QLYS) Rating Lowered to Hold at StockNews.com

Qualys (NASDAQ:QLYSGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities research analysts have also recently issued reports about the company. Wedbush cut their price target on Qualys from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Thursday, February 8th. Royal Bank of Canada lowered their price objective on shares of Qualys from $212.00 to $180.00 and set a “sector perform” rating for the company in a research report on Thursday, February 8th. Morgan Stanley boosted their price objective on shares of Qualys from $104.00 to $137.00 and gave the company an “underweight” rating in a research report on Tuesday, November 7th. Stephens restated an “equal weight” rating and set a $190.00 price objective on shares of Qualys in a research report on Thursday, February 8th. Finally, Truist Financial boosted their price objective on shares of Qualys from $145.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $151.57.

Read Our Latest Report on Qualys

Qualys Stock Performance

Shares of QLYS stock traded up $0.60 during trading on Wednesday, hitting $167.32. The company had a trading volume of 232,634 shares, compared to its average volume of 503,463. The firm has a market capitalization of $6.19 billion, a P/E ratio of 41.42 and a beta of 0.54. The stock’s 50-day moving average price is $184.33 and its 200 day moving average price is $171.41. Qualys has a one year low of $107.00 and a one year high of $206.35.

Qualys (NASDAQ:QLYSGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.26. The business had revenue of $144.57 million during the quarter, compared to analysts’ expectations of $144.69 million. Qualys had a return on equity of 49.06% and a net margin of 27.34%. On average, research analysts anticipate that Qualys will post 3.35 earnings per share for the current fiscal year.

Insider Activity at Qualys

In related news, CEO Sumedh S. Thakar sold 5,005 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $192.05, for a total value of $961,210.25. Following the completion of the sale, the chief executive officer now directly owns 182,213 shares in the company, valued at $34,994,006.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Qualys news, CEO Sumedh S. Thakar sold 5,005 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $192.05, for a total transaction of $961,210.25. Following the sale, the chief executive officer now owns 182,213 shares of the company’s stock, valued at $34,994,006.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $203.81, for a total transaction of $203,810.00. Following the sale, the insider now directly owns 63,255 shares in the company, valued at approximately $12,892,001.55. The disclosure for this sale can be found here. Insiders sold 10,893 shares of company stock worth $2,059,300 over the last three months. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Qualys

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Qualys by 4.1% during the second quarter. BlackRock Inc. now owns 4,743,758 shares of the software maker’s stock valued at $612,751,000 after acquiring an additional 185,497 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Qualys by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,756,297 shares of the software maker’s stock worth $737,286,000 after purchasing an additional 16,331 shares in the last quarter. State Street Corp boosted its position in shares of Qualys by 2.0% during the 1st quarter. State Street Corp now owns 1,218,298 shares of the software maker’s stock worth $158,386,000 after purchasing an additional 24,307 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of Qualys by 5.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker’s stock worth $173,466,000 after purchasing an additional 54,219 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Qualys by 6.5% during the 3rd quarter. Morgan Stanley now owns 1,025,342 shares of the software maker’s stock worth $156,416,000 after purchasing an additional 62,384 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Qualys Company Profile

(Get Free Report)

Qualys, Inc provides cloud-based information technology (IT), security, and compliance solutions in the United States and internationally. The company offers Qualys Cloud Apps, which includes Vulnerability Management; Vulnerability Management, Detection and Response; Threat Protection; Continuous Monitoring; Patch Management; Multi-Vector Endpoint Detection and Response; Certificate Assessment; SaaS Detection and Response; Secure Enterprise Mobility; Custom Assessment and Remediation; Context Extended Detection and Response; Network Detection and Response; Policy Compliance; Security Configuration Assessment; PCI Compliance; File Integrity Monitoring; Security Assessment Questionnaire; Out of-Band Configuration Assessment; Web Application Scanning; Web Application Firewall; Global Asset Inventory; Cybersecurity Asset Management; Certificate Inventory; Cloud Inventory; Cloud Security Assessment; and Container Security.

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Analyst Recommendations for Qualys (NASDAQ:QLYS)

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