Qualys (NASDAQ:QLYS) Price Target Cut to $130.00 by Analysts at Jefferies Financial Group

by · The Cerbat Gem

Qualys (NASDAQ:QLYS – Free Report) had its target price reduced by Jefferies Financial Group from $145.00 to $130.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the software maker’s stock.

QLYS has been the topic of a number of other reports. Royal Bank of Canada decreased their price target on Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Canaccord Genuity Group decreased their target price on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. 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 note on Friday, February 7th. Northland Securities reiterated a “market perform” rating and set a $146.00 price objective (down previously from $150.00) on shares of Qualys in a research report on Monday, February 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $144.36.

Read Our Latest Analysis on QLYS

Qualys Trading Up 0.3 %

Qualys stock opened at $129.06 on Monday. Qualys has a 12-month low of $119.17 and a 12-month high of $174.20. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 27.75 and a beta of 0.56. The firm has a 50 day moving average of $134.67 and a 200 day moving average of $136.46.

Qualys (NASDAQ:QLYS – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) 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%. On average, analysts predict that Qualys will post 3.85 EPS for the current year.

Insider Activity

In other Qualys news, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the transaction, the insider now owns 62,295 shares in the company, valued at $8,700,119.70. The trade was a 1.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joo Mi Kim sold 1,635 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $138.64, for a total transaction of $226,676.40. Following the completion of the sale, the chief financial officer now directly owns 112,017 shares in the company, valued at approximately $15,530,036.88. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,595 shares of company stock worth $3,691,922. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Qualys

Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of Qualys by 0.5% during the fourth quarter. Amalgamated Bank now owns 16,640 shares of the software maker’s stock valued at $2,333,000 after buying an additional 77 shares during the period. HighTower Advisors LLC lifted its stake in shares of Qualys by 1.4% during the 4th quarter. HighTower Advisors LLC now owns 5,749 shares of the software maker’s stock worth $806,000 after acquiring an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker’s stock valued at $55,000 after acquiring an additional 99 shares during the period. Nisa Investment Advisors LLC grew its position in Qualys by 12.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,089 shares of the software maker’s stock valued at $153,000 after acquiring an additional 123 shares during the last quarter. Finally, Huntington National Bank grew its position in Qualys by 15.6% in the 4th quarter. Huntington National Bank now owns 932 shares of the software maker’s stock valued at $131,000 after acquiring an additional 126 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors.

Qualys Company Profile

(Get Free Report)

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.

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