Qualys (NASDAQ:QLYS) Upgraded at StockNews.com

StockNews.com upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research note released on Monday.

Several other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Qualys from $146.00 to $152.00 and gave the stock an underweight rating in a research note on Thursday, February 8th. Stephens restated an equal weight rating and set a $190.00 target price on shares of Qualys in a research report on Thursday, February 8th. Truist Financial lifted their price target on shares of Qualys from $145.00 to $175.00 and gave the company a hold rating in a report on Tuesday, January 16th. Wedbush decreased their price target on shares of Qualys from $230.00 to $210.00 and set an outperform rating on the stock in a report on Thursday, February 8th. Finally, Royal Bank of Canada reduced their target price on shares of Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a report on Thursday, February 8th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $153.23.

Qualys Stock Up 0.2 %

Shares of Qualys stock opened at $165.20 on Monday. Qualys has a twelve month low of $107.00 and a twelve month high of $206.35. The business has a 50-day moving average price of $173.93 and a 200 day moving average price of $173.78. The firm has a market cap of $6.11 billion, a PE ratio of 40.89 and a beta of 0.52.

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

Insider Buying and Selling at Qualys

In other news, insider Bruce K. Posey sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the completion of the transaction, the insider now owns 63,255 shares in the company, valued at approximately $12,510,573.90. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Bruce K. Posey sold 1,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $197.78, for a total transaction of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares in the company, valued at approximately $12,510,573.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $164.91, for a total transaction of $235,821.30. Following the sale, the insider now owns 63,057 shares of the company’s stock, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Insiders sold a total of 15,537 shares of company stock valued at $2,784,700 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in Qualys by 3.9% during the first quarter. HighTower Advisors LLC now owns 8,057 shares of the software maker’s stock valued at $1,155,000 after purchasing an additional 303 shares during the period. Bank of Montreal Can lifted its stake in Qualys by 70.1% in the first quarter. Bank of Montreal Can now owns 5,721 shares of the software maker’s stock valued at $822,000 after buying an additional 2,358 shares in the last quarter. Panagora Asset Management Inc. bought a new position in Qualys in the first quarter valued at approximately $1,224,000. Rhumbline Advisers lifted its stake in Qualys by 2.1% in the first quarter. Rhumbline Advisers now owns 91,561 shares of the software maker’s stock valued at $13,039,000 after buying an additional 1,904 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Qualys by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,237 shares of the software maker’s stock valued at $1,743,000 after buying an additional 1,167 shares in the last quarter. 99.31% of the stock is owned by 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.