Qualys (NASDAQ:QLYS) Price Target Cut to $130.00 by Analysts at Jefferies Financial Group

Qualys (NASDAQ:QLYS) had its price objective lowered by stock analysts at Jefferies Financial Group from $145.00 to $130.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 3.63% from the company’s previous close.

A number of other equities research analysts have also issued reports on QLYS. Needham & Company LLC reissued a “hold” rating on shares of Qualys in a research note on Monday, February 10th. Scotiabank decreased their target price on Qualys from $150.00 to $140.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Northland Securities restated a “market perform” rating and issued a $146.00 price target (down from $150.00) on shares of Qualys in a report on Monday, February 10th. Loop Capital reduced their price target on shares of Qualys from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 7th. Finally, Morgan Stanley assumed coverage on shares of Qualys in a research report on Tuesday, March 18th. They issued an “underweight” rating and a $120.00 price objective for the company. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $144.36.

Qualys Trading Down 1.4 %

QLYS traded down $1.73 during trading hours on Monday, hitting $125.45. The company’s stock had a trading volume of 93,977 shares, compared to its average volume of 394,793. Qualys has a 12 month low of $119.17 and a 12 month high of $174.20. The business’s 50-day moving average price is $135.35 and its 200-day moving average price is $136.48. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 27.01 and a beta of 0.56.

Qualys (NASDAQ:QLYS) last announced its earnings results on Thursday, February 6th. The software maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.16). Qualys had a return on equity of 38.52% and a net margin of 28.59%. On average, analysts forecast that Qualys will post 3.85 earnings per share for the current year.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 1,635 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $138.64, for a total value of $226,676.40. Following the completion of the sale, the chief financial officer now owns 112,017 shares of the company’s stock, valued at approximately $15,530,036.88. This trade represents a 1.44 % decrease in their ownership of the stock. The sale 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 dated Tuesday, January 14th. The stock was sold at an average price of $134.49, for a total value of $941,430.00. Following the sale, the chief executive officer now owns 225,453 shares in the company, valued at $30,321,173.97. The trade was a 3.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,595 shares of company stock valued at $3,691,922 in the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Qualys by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 456,540 shares of the software maker’s stock valued at $64,016,000 after acquiring an additional 3,848 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Qualys by 13.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,833 shares of the software maker’s stock worth $1,095,000 after buying an additional 933 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Qualys in the fourth quarter valued at about $15,937,000. BNP Paribas Financial Markets grew its stake in shares of Qualys by 6.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker’s stock valued at $8,134,000 after buying an additional 4,040 shares during the period. Finally, Trust Point Inc. acquired a new stake in Qualys during the fourth quarter worth $376,000. Hedge funds and other institutional investors own 99.31% of the company’s stock.

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.