Qualys (NASDAQ:QLYS) Price Target Lowered to $135.00 at Royal Bank of Canada

Qualys (NASDAQ:QLYS) had its target price decreased by Royal Bank of Canada from $162.00 to $135.00 in a research note issued to investors on Friday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the software maker’s stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC started coverage on shares of Qualys in a research report on Wednesday, November 6th. They issued a “hold” rating on the stock. DA Davidson raised their target price on shares of Qualys from $120.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on shares of Qualys from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Canaccord Genuity Group cut their price target on Qualys from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Scotiabank lowered their price objective on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $149.25.

Qualys Price Performance

QLYS stock opened at $135.57 on Friday. Qualys has a 1 year low of $119.17 and a 1 year high of $174.73. The firm has a 50-day moving average of $143.41 and a 200 day moving average of $135.70. The company has a market cap of $4.96 billion, a P/E ratio of 29.15 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.16). Qualys had a return on equity of 39.64% and a net margin of 28.59%. On average, equities research analysts expect that Qualys will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In other Qualys news, CFO Joo Mi Kim sold 1,332 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $157.37, for a total value of $209,616.84. Following the transaction, the chief financial officer now directly owns 113,652 shares in the company, valued at approximately $17,885,415.24. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 882 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $139.66, for a total transaction of $123,180.12. Following the sale, the insider now directly owns 62,295 shares of the company’s stock, valued at approximately $8,700,119.70. The trade was a 1.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,259 shares of company stock valued at $4,578,153 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Qualys

Several hedge funds have recently bought and sold shares of the stock. Truist Financial Corp lifted its position in shares of Qualys by 42.1% during the 2nd quarter. Truist Financial Corp now owns 1,751 shares of the software maker’s stock valued at $250,000 after buying an additional 519 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Qualys by 27.3% during the 2nd quarter. Cetera Investment Advisers now owns 9,976 shares of the software maker’s stock valued at $1,423,000 after purchasing an additional 2,137 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Qualys during the 2nd quarter valued at $536,000. Handelsbanken Fonder AB boosted its holdings in Qualys by 23.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,551 shares of the software maker’s stock worth $1,098,000 after buying an additional 1,600 shares during the period. Finally, UMB Bank n.a. increased its stake in Qualys by 80.8% in the 3rd quarter. UMB Bank n.a. now owns 432 shares of the software maker’s stock worth $55,000 after buying an additional 193 shares in the last quarter. 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.