Qualys (NASDAQ:QLYS) Given “Hold” Rating at Westpark Capital

Westpark Capital reissued their hold rating on shares of Qualys (NASDAQ:QLYS) in a research note issued to investors on Monday, Benzinga reports.

QLYS has been the subject of several other reports. Scotiabank initiated coverage on Qualys in a research report on Friday, April 26th. They issued a sector perform rating and a $172.00 price objective for the company. Needham & Company LLC reissued a hold rating on shares of Qualys in a research note on Monday, May 13th. StockNews.com cut Qualys from a buy rating to a hold rating in a report on Saturday. Robert W. Baird lowered their price objective on shares of Qualys from $175.00 to $170.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Finally, Truist Financial cut their target price on shares of Qualys from $175.00 to $165.00 and set a hold rating on the stock in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $167.09.

Qualys Stock Up 3.1 %

Qualys stock traded up $4.07 during mid-day trading on Monday, hitting $137.10. 782,694 shares of the stock were exchanged, compared to its average volume of 449,459. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 31.74 and a beta of 0.49. Qualys has a 12 month low of $131.00 and a 12 month high of $206.35. The firm’s fifty day simple moving average is $140.92 and its two-hundred day simple moving average is $158.41.

Qualys (NASDAQ:QLYS) last announced its earnings results on Tuesday, May 7th. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $145.81 million during the quarter, compared to the consensus estimate of $145.67 million. Qualys had a net margin of 28.48% and a return on equity of 47.28%. As a group, analysts forecast that Qualys will post 3.42 earnings per share for the current fiscal year.

Insider Activity at Qualys

In related news, insider Bruce K. Posey sold 1,330 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $145.24, for a total transaction of $193,169.20. Following the completion of the sale, the insider now owns 59,616 shares in the company, valued at $8,658,627.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Bruce K. Posey sold 1,330 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $145.24, for a total transaction of $193,169.20. Following the transaction, the insider now directly owns 59,616 shares in the company, valued at $8,658,627.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $136.78, for a total transaction of $957,460.00. Following the completion of the sale, the chief executive officer now directly owns 186,601 shares of the company’s stock, valued at $25,523,284.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,099 shares of company stock valued at $4,060,450. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Qualys

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Qualys by 27.4% during the 4th quarter. SG Americas Securities LLC now owns 1,154 shares of the software maker’s stock valued at $227,000 after acquiring an additional 248 shares during the period. Raymond James & Associates lifted its holdings in Qualys by 16.0% during the 4th quarter. Raymond James & Associates now owns 34,766 shares of the software maker’s stock worth $6,824,000 after purchasing an additional 4,792 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Qualys by 201,932.8% in the 4th quarter. International Assets Investment Management LLC now owns 117,179 shares of the software maker’s stock worth $23,000,000 after purchasing an additional 117,121 shares during the period. New York State Teachers Retirement System grew its holdings in Qualys by 3.1% during the 4th quarter. New York State Teachers Retirement System now owns 24,405 shares of the software maker’s stock valued at $4,790,000 after buying an additional 731 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Qualys by 31.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,682 shares of the software maker’s stock valued at $330,000 after buying an additional 400 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.