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

Qualys (NASDAQ:QLYS) had its price objective increased by TD Cowen from $130.00 to $150.00 in a report released on Wednesday, Benzinga reports. They currently have a hold rating on the software maker’s stock.

Several other equities research analysts have also recently issued reports on QLYS. Morgan Stanley raised their target price on shares of Qualys from $123.00 to $126.00 and gave the stock an “underweight” rating in a report on Wednesday. Jefferies Financial Group began coverage on Qualys in a research report on Wednesday, October 16th. They issued a “hold” rating and a $135.00 price objective on the stock. Scotiabank cut their target price on Qualys from $167.00 to $150.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Northland Securities restated a “market perform” rating and issued a $140.00 price target (down from $150.00) on shares of Qualys in a research note on Wednesday, August 7th. Finally, Westpark Capital reiterated a “hold” rating on shares of Qualys in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $152.80.

Qualys Price Performance

QLYS opened at $159.23 on Wednesday. Qualys has a 1 year low of $119.17 and a 1 year high of $206.35. The stock has a 50-day moving average price of $124.93 and a 200-day moving average price of $136.32. The firm has a market cap of $5.86 billion, a PE ratio of 35.07 and a beta of 0.47.

Qualys (NASDAQ:QLYS) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.52 EPS for the quarter, beating the consensus estimate of $1.32 by $0.20. Qualys had a return on equity of 44.80% and a net margin of 29.36%. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.80 million. During the same period last year, the firm posted $0.95 earnings per share. Qualys’s revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Qualys will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other Qualys news, insider Bruce K. Posey sold 1,339 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, 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 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. This 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 is available through the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the stock in a transaction dated 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 owns 55,618 shares in the company, valued at approximately $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,919 shares of company stock worth $1,360,140 over the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Qualys

A number of hedge funds have recently made changes to their positions in QLYS. First Horizon Advisors Inc. grew its stake in Qualys by 294.7% in the second quarter. First Horizon Advisors Inc. now owns 225 shares of the software maker’s stock valued at $32,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Qualys by 149.0% during 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 last quarter. Quarry LP acquired a new stake in shares of Qualys during the second quarter worth $40,000. DT Investment Partners LLC purchased a new position in shares of Qualys in the second quarter worth about $41,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Qualys by 53.6% during 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 currently 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.