TD Cowen Increases Qualys (NASDAQ:QLYS) Price Target to $150.00

Qualys (NASDAQ:QLYS) had its target price boosted by TD Cowen from $130.00 to $150.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. TD Cowen’s target price points to a potential downside of 3.28% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Westpark Capital restated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Morgan Stanley upped their target price on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research note on Wednesday. StockNews.com cut Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Truist Financial lowered their price objective on Qualys from $130.00 to $120.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group began coverage on shares of Qualys in a report on Wednesday, October 16th. They set a “hold” rating and a $135.00 target price for the company. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Qualys presently has a consensus rating of “Hold” and an average target price of $152.80.

Qualys Stock Performance

Shares of QLYS stock opened at $155.08 on Wednesday. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $206.35. The firm has a market capitalization of $5.71 billion, a PE ratio of 34.16 and a beta of 0.47. The stock’s 50-day simple moving average is $125.52 and its 200-day simple moving average is $136.45.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings results on Tuesday, November 5th. The software maker reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company had revenue of $153.87 million for the quarter, compared to the consensus estimate of $150.74 million. During the same quarter in the prior year, the company earned $1.24 EPS. Qualys’s quarterly revenue was up 8.4% on a year-over-year basis. Sell-side analysts forecast that Qualys will post 3.94 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Bruce K. Posey sold 1,339 shares of Qualys stock in a transaction dated Monday, October 21st. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $123.54, for a total value of $76,100.64. Following the transaction, the chief financial officer now directly owns 86,576 shares of the company’s stock, valued at approximately $10,695,599.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Bruce K. Posey sold 1,339 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $123.56, for a total transaction of $165,446.84. Following the sale, the insider now directly owns 55,279 shares of the company’s stock, valued at approximately $6,830,273.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 in the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Enhancement Group LLC increased its stake in shares of Qualys by 1.5% in the 3rd quarter. Financial Enhancement Group LLC now owns 6,100 shares of the software maker’s stock worth $784,000 after acquiring an additional 91 shares during the last quarter. Bank of Montreal Can increased its position in Qualys by 2.2% during the second quarter. Bank of Montreal Can now owns 4,896 shares of the software maker’s stock worth $699,000 after purchasing an additional 107 shares during the last quarter. Legacy Advisors LLC raised its stake in Qualys by 1.4% during the second quarter. Legacy Advisors LLC now owns 8,272 shares of the software maker’s stock worth $1,180,000 after purchasing an additional 113 shares during the period. Advisors Asset Management Inc. raised its stake in Qualys by 8.1% during the first quarter. Advisors Asset Management Inc. now owns 1,684 shares of the software maker’s stock worth $281,000 after purchasing an additional 126 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Qualys by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,436 shares of the software maker’s stock valued at $6,622,000 after purchasing an additional 127 shares during the last quarter. 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.