UBS Group Boosts Qualys (NASDAQ:QLYS) Price Target to $160.00

Qualys (NASDAQ:QLYS) had its price target lifted by equities research analysts at UBS Group from $140.00 to $160.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. UBS Group’s price objective indicates a potential upside of 3.17% from the stock’s current price.

QLYS has been the topic of several other research reports. Wedbush dropped their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Canaccord Genuity Group raised their price target on Qualys from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price target on Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a research report on Wednesday. Northland Securities reissued a “market perform” rating and issued a $140.00 price objective (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Finally, 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. Three research 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. Based on data from MarketBeat.com, Qualys has an average rating of “Hold” and an average target price of $152.80.

Qualys Stock Down 2.6 %

QLYS stock opened at $155.08 on Wednesday. The business has a 50 day moving average price of $125.52 and a 200 day moving average price of $136.45. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 34.16 and a beta of 0.47. Qualys has a fifty-two week low of $119.17 and a fifty-two week high of $206.35.

Qualys (NASDAQ:QLYS) last issued its quarterly earnings data 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. The business had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 EPS. As a group, sell-side analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insider Activity at Qualys

In other Qualys news, CFO Joo Mi Kim sold 616 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total transaction of $76,100.64. Following the transaction, the chief financial officer now owns 86,576 shares in the company, valued at approximately $10,695,599.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Qualys news, CFO Joo Mi Kim sold 616 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $123.54, for a total value of $76,100.64. Following the completion of the sale, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the business’s stock in a transaction on 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 owns 179,649 shares in the company, valued at $22,493,851.29. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,919 shares of company stock worth $1,360,140 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC lifted its position in shares of Qualys by 8.8% in the third quarter. Pathstone Holdings LLC now owns 10,650 shares of the software maker’s stock valued at $1,368,000 after acquiring an additional 858 shares in the last quarter. RIA Advisory Group LLC purchased a new stake in shares of Qualys in the third quarter worth about $200,000. Natixis Advisors LLC lifted its position in shares of Qualys by 6.5% during the third quarter. Natixis Advisors LLC now owns 29,428 shares of the software maker’s stock worth $3,780,000 after purchasing an additional 1,793 shares in the last quarter. KBC Group NV increased its position in shares of Qualys by 21.6% during the third quarter. KBC Group NV now owns 1,091 shares of the software maker’s stock worth $140,000 after acquiring an additional 194 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of Qualys during the 3rd quarter valued at approximately $445,000. 99.31% of the stock is currently owned by institutional investors and hedge funds.

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.