Qualys (NASDAQ:QLYS) Given New $123.00 Price Target at Morgan Stanley

by · The Cerbat Gem

Qualys (NASDAQ:QLYS – Free Report) had its target price lowered by Morgan Stanley from $136.00 to $123.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an underweight rating on the software maker’s stock.

Several other equities research analysts also recently commented on QLYS. Wedbush cut their price objective on Qualys from $190.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded shares of Qualys from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Qualys in a report on Wednesday, August 7th. Piper Sandler lowered their price target on Qualys from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group cut their price objective on Qualys from $170.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $144.23.

View Our Latest Stock Analysis on QLYS

Qualys Stock Performance

Shares of Qualys stock opened at $121.50 on Wednesday. Qualys has a 52-week low of $119.32 and a 52-week high of $206.35. The business’s 50 day simple moving average is $124.54 and its 200 day simple moving average is $139.04. The firm has a market cap of $4.49 billion, a PE ratio of 28.13 and a beta of 0.46.

Qualys (NASDAQ:QLYS – Get Free Report) last released its earnings results on Tuesday, August 6th. The software maker reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. The business had revenue of $148.70 million during the quarter, compared to the consensus estimate of $148.80 million. Qualys had a net margin of 29.36% and a return on equity of 44.80%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, equities research analysts predict that Qualys will post 3.94 EPS for the current year.

Insider Activity at Qualys

In other Qualys news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $123.80, for a total value of $164,654.00. Following the sale, the insider now directly owns 55,618 shares in the company, valued at $6,885,508.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Joo Mi Kim sold 634 shares of Qualys stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.19, for a total value of $77,468.46. Following the completion of the transaction, the chief financial officer now owns 85,942 shares in the company, valued at $10,501,252.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $123.80, for a total transaction of $164,654.00. Following the completion of the sale, the insider now directly owns 55,618 shares in the company, valued at approximately $6,885,508.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,535 shares of company stock worth $1,442,641. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Outlook Wealth Advisors LLC increased its position in shares of Qualys by 14.3% during the third quarter. Outlook Wealth Advisors LLC now owns 2,267 shares of the software maker’s stock valued at $291,000 after buying an additional 283 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Qualys by 3.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,933 shares of the software maker’s stock valued at $3,074,000 after acquiring an additional 716 shares during the period. Argent Capital Management LLC boosted its stake in shares of Qualys by 13.6% during the third quarter. Argent Capital Management LLC now owns 3,546 shares of the software maker’s stock valued at $456,000 after purchasing an additional 425 shares during the period. International Assets Investment Management LLC grew its holdings in Qualys by 12,750.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,542 shares of the software maker’s stock worth $198,000 after acquiring an additional 1,530 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Qualys by 11.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,438 shares of the software maker’s stock valued at $955,000 after purchasing an additional 738 shares during the period. 99.31% of the stock is currently owned by hedge funds and other institutional investors.

Qualys Company Profile

(Get Free Report)

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.

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