Qualys (NASDAQ:QLYS) Upgraded at Wolfe Research

Wolfe Research upgraded shares of Qualys (NASDAQ:QLYS) from an underperform rating to a peer perform rating in a research report released on Monday, MarketBeat.com reports.

A number of other brokerages have also recently issued reports on QLYS. UBS Group increased their price objective on Qualys from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. TD Cowen increased their price target on shares of Qualys from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Scotiabank reduced their price objective 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. Westpark Capital reiterated a “hold” rating on shares of Qualys in a research note on Wednesday, November 6th. Finally, Northland Securities reissued a “market perform” rating and issued a $140.00 price target (down from $150.00) on shares of Qualys in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $152.80.

Qualys Stock Down 2.1 %

Shares of NASDAQ:QLYS opened at $151.37 on Monday. The company has a 50-day moving average price of $127.90 and a two-hundred day moving average price of $135.75. Qualys has a twelve month low of $119.17 and a twelve month high of $206.35. The firm has a market capitalization of $5.54 billion, a PE ratio of 33.34 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, November 5th. The software maker reported $1.56 EPS for the quarter, topping the consensus estimate of $1.33 by $0.23. Qualys had a net margin of 28.72% and a return on equity of 40.24%. The company had revenue of $153.87 million during the quarter, compared to the consensus estimate of $150.74 million. During the same period last year, the firm earned $1.24 EPS. Qualys’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that Qualys will post 4.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $123.80, for a total transaction of $164,654.00. Following the transaction, the insider now directly owns 55,618 shares of the company’s stock, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bruce K. Posey sold 1,339 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $123.56, for a total value of $165,446.84. Following the completion of the sale, the insider now directly owns 55,279 shares of the company’s stock, valued at $6,830,273.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,919 shares of company stock worth $1,360,140 in the last quarter. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Qualys

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its holdings in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock worth $32,000 after buying an additional 168 shares during the period. UMB Bank n.a. lifted its stake in shares of Qualys by 149.0% in the 2nd quarter. UMB Bank n.a. now owns 239 shares of the software maker’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Quarry LP purchased a new position in shares of Qualys in the 2nd quarter valued at approximately $40,000. DT Investment Partners LLC bought a new stake in shares of Qualys during the second quarter valued at approximately $41,000. Finally, Exchange Traded Concepts LLC grew its stake in Qualys by 53.6% in the third quarter. Exchange Traded Concepts LLC now owns 639 shares of the software maker’s stock worth $82,000 after purchasing an additional 223 shares during the period. 99.31% of the stock is owned by hedge funds and other institutional investors.

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.