Truist Financial Trims Qualys (NASDAQ:QLYS) Target Price to $120.00

Qualys (NASDAQ:QLYS) had its price target reduced by Truist Financial from $130.00 to $120.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the software maker’s stock.

Several other research analysts have also recently commented on the stock. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Piper Sandler lowered their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. TD Cowen cut their target price on Qualys from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, October 7th. UBS Group decreased their price target on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Qualys in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $144.23.

Qualys Trading Up 1.0 %

Shares of NASDAQ QLYS opened at $121.12 on Wednesday. Qualys has a 12-month low of $119.32 and a 12-month high of $206.35. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 26.68 and a beta of 0.46. The stock’s 50 day simple moving average is $124.42 and its 200 day simple moving average is $138.59.

Qualys (NASDAQ:QLYS) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, topping the consensus estimate 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 44.80% and a net margin of 29.36%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. As a group, equities analysts forecast that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now owns 55,618 shares of the company’s stock, valued at $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction on Monday, October 21st. The shares were sold at an average price of $123.56, for a total value of $165,446.84. Following the transaction, the insider now directly owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,535 shares of company stock valued at $1,442,641. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QLYS. First Horizon Advisors Inc. increased its holdings in shares of Qualys by 294.7% during the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its position in Qualys by 545.2% during the 1st quarter. Sound Income Strategies LLC now owns 200 shares of the software maker’s stock worth $33,000 after acquiring an additional 169 shares during the last quarter. DecisionPoint Financial LLC acquired a new stake in Qualys during the 1st quarter valued at $34,000. UMB Bank n.a. raised its position in Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the last quarter. Finally, Quarry LP acquired a new position in Qualys in the second quarter worth $40,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.