Qualys (NASDAQ:QLYS) Earns Market Perform Rating from Analysts at TD Cowen

TD Cowen started coverage on shares of Qualys (NASDAQ:QLYS) in a report released on Tuesday, MarketBeat reports. The firm issued a market perform rating and a $170.00 target price on the software maker’s stock.

Other research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of Qualys from a hold rating to a buy rating in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Qualys from $146.00 to $152.00 and gave the company an underweight rating in a report on Thursday, February 8th. Wedbush reduced their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating for the company in a report on Thursday, February 8th. Royal Bank of Canada reduced their target price on shares of Qualys from $212.00 to $180.00 and set a sector perform rating for the company in a report on Thursday, February 8th. Finally, Stephens restated an equal weight rating and set a $190.00 target price on shares of Qualys in a report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $153.23.

Qualys Stock Up 1.0 %

QLYS opened at $166.87 on Tuesday. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 41.30 and a beta of 0.52. Qualys has a fifty-two week low of $107.00 and a fifty-two week high of $206.35. The company’s 50-day moving average price is $173.31 and its 200 day moving average price is $173.73.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Wednesday, February 7th. The software maker reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.26. The firm had revenue of $144.57 million for the quarter, compared to analyst estimates of $144.69 million. Qualys had a net margin of 27.34% and a return on equity of 49.06%. Research analysts anticipate that Qualys will post 3.35 earnings per share for the current year.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $197.78, for a total value of $197,780.00. Following the transaction, the insider now directly owns 63,255 shares in the company, valued at approximately $12,510,573.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Qualys news, insider Bruce K. Posey sold 1,430 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the sale, the insider now directly owns 63,057 shares in the company, valued at approximately $10,398,729.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce K. Posey sold 1,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $197.78, for a total transaction of $197,780.00. Following the completion of the sale, the insider now owns 63,255 shares in the company, valued at $12,510,573.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,537 shares of company stock worth $2,784,700. 1.20% of the stock is owned by insiders.

Institutional Trading of Qualys

Several hedge funds and other institutional investors have recently bought and sold shares of QLYS. BlackRock Inc. lifted its holdings in shares of Qualys by 4.1% during the 2nd quarter. BlackRock Inc. now owns 4,743,758 shares of the software maker’s stock worth $612,751,000 after acquiring an additional 185,497 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Qualys by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,756,297 shares of the software maker’s stock worth $737,286,000 after acquiring an additional 16,331 shares during the period. State Street Corp lifted its holdings in shares of Qualys by 2.0% during the 1st quarter. State Street Corp now owns 1,218,298 shares of the software maker’s stock worth $158,386,000 after acquiring an additional 24,307 shares during the period. Congress Asset Management Co. MA lifted its holdings in shares of Qualys by 5.0% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker’s stock worth $173,466,000 after acquiring an additional 54,219 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Qualys by 6.5% during the 3rd quarter. Morgan Stanley now owns 1,025,342 shares of the software maker’s stock worth $156,416,000 after acquiring an additional 62,384 shares during the period. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.