Qualys (NASDAQ:QLYS) Given New $130.00 Price Target at Truist Financial

Qualys (NASDAQ:QLYS) had its price target cut by Truist Financial from $165.00 to $130.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the software maker’s stock.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC restated a hold rating on shares of Qualys in a research report on Wednesday. Piper Sandler cut their price objective on shares of Qualys from $116.00 to $115.00 and set an underweight rating on the stock in a report on Wednesday. Robert W. Baird lowered their target price on shares of Qualys from $175.00 to $170.00 and set a neutral rating for the company in a report on Wednesday, May 8th. StockNews.com cut shares of Qualys from a buy rating to a hold rating in a research report on Saturday, August 3rd. Finally, Westpark Capital restated a hold rating on shares of Qualys in a research report on Monday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $149.92.

Qualys Trading Up 1.4 %

Shares of Qualys stock traded up $1.79 during midday trading on Wednesday, reaching $127.13. The company had a trading volume of 528,579 shares, compared to its average volume of 456,761. The stock has a fifty day simple moving average of $140.22 and a 200 day simple moving average of $157.32. Qualys has a 1-year low of $121.64 and a 1-year high of $206.35. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 29.01 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.80 million. Qualys had a return on equity of 47.28% and a net margin of 28.48%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Sell-side analysts expect that Qualys will post 3.42 earnings per share for the current year.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the transaction, the chief financial officer now directly owns 92,580 shares in the company, valued at $12,550,144.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $143.35, for a total transaction of $191,945.65. Following the transaction, the insider now owns 58,947 shares of the company’s stock, valued at $8,450,052.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $135.56, for a total value of $83,504.96. Following the completion of the sale, the chief financial officer now directly owns 92,580 shares of the company’s stock, valued at $12,550,144.80. The disclosure for this sale can be found here. Insiders have sold a total of 29,715 shares of company stock valued at $4,142,951 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Qualys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QLYS. Vanguard Group Inc. lifted its stake in shares of Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $640,748,000 after buying an additional 83,504 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Qualys by 9.8% during the second quarter. Boston Trust Walden Corp now owns 809,014 shares of the software maker’s stock worth $115,365,000 after acquiring an additional 72,261 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Qualys by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker’s stock valued at $145,095,000 after purchasing an additional 21,439 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Qualys by 50.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 501,847 shares of the software maker’s stock worth $83,743,000 after purchasing an additional 169,293 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Qualys by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock worth $62,663,000 after purchasing an additional 3,357 shares during 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.