Qualys (NASDAQ:QLYS) Given “Hold” Rating at Westpark Capital

Qualys (NASDAQ:QLYS)‘s stock had its “hold” rating reaffirmed by investment analysts at Westpark Capital in a report issued on Wednesday,Benzinga reports.

QLYS has been the topic of a number of other reports. DA Davidson upgraded shares of Qualys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Truist Financial boosted their price target on shares of Qualys from $120.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Qualys from $150.00 to $162.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Northland Securities reiterated a “market perform” rating and set a $140.00 price objective (down previously from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, UBS Group cut their target price on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Qualys currently has a consensus rating of “Hold” and a consensus price target of $152.80.

Qualys Stock Down 2.6 %

Qualys stock opened at $155.08 on Wednesday. Qualys has a 52-week low of $119.17 and a 52-week high of $206.35. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. The firm has a 50-day moving average price of $125.52 and a two-hundred day moving average price of $136.45.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period in the previous year, the firm posted $1.24 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. Research analysts expect that Qualys will post 3.94 earnings per share for the current year.

Insider Buying and Selling

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total transaction of $76,100.64. Following the completion of the sale, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the sale, the chief financial officer now owns 86,576 shares of the company’s stock, valued at $10,695,599.04. 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 quarter, insiders have sold 10,919 shares of company stock valued at $1,360,140. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Qualys

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Qualys by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock valued at $640,748,000 after buying an additional 83,504 shares during the period. Boston Trust Walden Corp increased its stake in shares of Qualys by 14.5% in the third quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock worth $118,966,000 after acquiring an additional 117,079 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Qualys by 15.3% during the second quarter. Renaissance Technologies LLC now owns 474,100 shares of the software maker’s stock worth $67,607,000 after acquiring an additional 63,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Qualys by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after purchasing an additional 3,357 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in Qualys by 1.3% in the second quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock valued at $53,095,000 after purchasing an additional 4,932 shares in the last quarter. 99.31% of the stock is owned by hedge funds and other 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.