Qualys (NASDAQ:QLYS) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Qualys (NASDAQ:QLYS) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research analysts have also recently weighed in on QLYS. Needham & Company LLC restated a hold rating on shares of Qualys in a research note on Monday, May 13th. Robert W. Baird dropped their price objective on Qualys from $175.00 to $170.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Scotiabank started coverage on Qualys in a research note on Friday, April 26th. They set a sector perform rating and a $172.00 target price on the stock. Finally, Truist Financial dropped their price target on Qualys from $175.00 to $165.00 and set a hold rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $167.09.

Qualys Stock Up 3.1 %

Shares of QLYS opened at $137.10 on Friday. The business has a 50-day simple moving average of $140.53 and a two-hundred day simple moving average of $157.54. Qualys has a 52 week low of $131.00 and a 52 week high of $206.35. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 31.74 and a beta of 0.49.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, May 7th. The software maker reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Qualys had a net margin of 28.48% and a return on equity of 47.28%. The company had revenue of $145.81 million for the quarter, compared to analysts’ expectations of $145.67 million. On average, equities analysts anticipate that Qualys will post 3.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the sale, the insider now directly owns 59,616 shares of the company’s stock, valued at $8,658,627.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bruce K. Posey sold 1,330 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total value of $193,169.20. Following the completion of the sale, the insider now owns 59,616 shares in the company, valued at approximately $8,658,627.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey P. Hank sold 850 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $135.45, for a total value of $115,132.50. Following the transaction, the director now owns 11,353 shares of the company’s stock, valued at approximately $1,537,763.85. The disclosure for this sale can be found here. Insiders sold 29,099 shares of company stock worth $4,060,450 over the last 90 days. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Qualys

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in Qualys during the 4th quarter worth $18,844,000. Dorsey Wright & Associates acquired a new stake in Qualys in the fourth quarter worth about $4,455,000. Intrust Bank NA grew its stake in shares of Qualys by 1.4% during the fourth quarter. Intrust Bank NA now owns 4,984 shares of the software maker’s stock worth $978,000 after acquiring an additional 69 shares during the last quarter. NewSquare Capital LLC acquired a new position in shares of Qualys during the fourth quarter valued at about $3,731,000. Finally, Roberts Wealth Advisors LLC acquired a new stake in Qualys in the 1st quarter worth approximately $863,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.