Qualys’ (QLYS) “Hold” Rating Reiterated at Westpark Capital

Westpark Capital reaffirmed their hold rating on shares of Qualys (NASDAQ:QLYS) in a research report released on Wednesday,Benzinga reports.

Other analysts have also recently issued research reports about the stock. Scotiabank cut their price target on shares of Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. DA Davidson upgraded Qualys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Canaccord Genuity Group boosted their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Finally, Piper Sandler decreased their target price on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $152.80.

Qualys Stock Down 0.7 %

Shares of QLYS opened at $153.99 on Wednesday. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35. The company has a 50 day moving average of $126.10 and a 200-day moving average of $136.10. The stock has a market capitalization of $5.63 billion, a P/E ratio of 33.92 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.23. The business had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. Qualys had a return on equity of 40.24% and a net margin of 28.72%. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. On average, sell-side analysts anticipate that Qualys will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at Qualys

In other news, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 55,279 shares in the company, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Sumedh S. Thakar sold 7,000 shares of Qualys stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $125.21, for a total transaction of $876,470.00. Following the sale, the chief executive officer now directly owns 179,649 shares of the company’s stock, valued at approximately $22,493,851.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the completion of the transaction, the insider now owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,919 shares of company stock valued at $1,360,140. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Several large investors have recently modified their holdings of QLYS. Vanguard Group Inc. lifted its holdings in Qualys by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker’s stock worth $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 3rd quarter. Boston Trust Walden Corp now owns 926,093 shares of the software maker’s stock valued at $118,966,000 after acquiring an additional 117,079 shares in 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 valued at $67,607,000 after purchasing an additional 63,000 shares during the period. Bank of New York Mellon Corp increased its position in Qualys by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 439,434 shares of the software maker’s stock valued at $62,663,000 after buying an additional 3,357 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Qualys by 1.3% in the 2nd quarter. Van Berkom & Associates Inc. now owns 372,338 shares of the software maker’s stock worth $53,095,000 after purchasing an additional 4,932 shares in the last quarter. Institutional investors own 99.31% of the company’s stock.

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.