Analysts Set Qualys, Inc. (NASDAQ:QLYS) Target Price at $146.57

Shares of Qualys, Inc. (NASDAQ:QLYS) have been assigned an average rating of “Hold” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $146.57.

QLYS has been the topic of several recent research reports. Canaccord Genuity Group reduced their target price on shares of Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Northland Securities restated a “market perform” rating and set a $146.00 target price (down previously from $150.00) on shares of Qualys in a report on Monday, February 10th. Needham & Company LLC restated a “hold” rating on shares of Qualys in a report on Monday, February 10th. Royal Bank of Canada reduced their target price on shares of Qualys from $162.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Finally, Loop Capital reduced their target price on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, February 7th.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 1,635 shares of the business’s stock in a transaction dated 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 owns 112,017 shares of the company’s stock, valued at $15,530,036.88. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 525 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $139.48, for a total transaction of $73,227.00. Following the sale, the insider now directly owns 65,373 shares of the company’s stock, valued at approximately $9,118,226.04. This represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,926 shares of company stock valued at $3,745,742. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Qualys during the 4th quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Qualys during the 4th quarter valued at about $39,000. Quadrant Capital Group LLC grew its position in shares of Qualys by 88.1% during the 4th quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker’s stock valued at $47,000 after buying an additional 156 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Qualys during the 4th quarter valued at about $54,000. Finally, Fifth Third Bancorp grew its position in shares of 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 buying an additional 99 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

Qualys Stock Up 4.0 %

Shares of QLYS opened at $126.39 on Tuesday. The firm has a market cap of $4.61 billion, a PE ratio of 27.18 and a beta of 0.56. The company’s fifty day moving average is $136.52 and its two-hundred day moving average is $135.96. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $174.20.

Qualys (NASDAQ:QLYS) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 38.52%. As a group, equities research analysts anticipate that Qualys will post 3.85 earnings per share for the current year.

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.