Qualys (NASDAQ:QLYS) Price Target Lowered to $163.00 at Canaccord Genuity Group

Qualys (NASDAQ:QLYS - Free Report) had its price target trimmed by Canaccord Genuity Group from $170.00 to $163.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the software maker's stock.

QLYS has been the subject of several other research reports. UBS Group boosted their price objective on shares of Qualys from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Westpark Capital reiterated a "hold" rating on shares of Qualys in a research note on Wednesday, November 6th. TD Cowen increased their price objective on Qualys from $130.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Qualys from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Jefferies Financial Group upped their target price on Qualys from $135.00 to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Qualys presently has an average rating of "Hold" and an average target price of $146.57.

Qualys Price Performance

Shares of NASDAQ:QLYS traded down $0.38 during trading hours on Friday, hitting $137.32. 260,601 shares of the company's stock traded hands, compared to its average volume of 393,670. The business has a fifty day moving average price of $142.69 and a 200-day moving average price of $135.49. The firm has a market capitalization of $5.02 billion, a P/E ratio of 29.53 and a beta of 0.56. Qualys has a 1 year low of $119.17 and a 1 year high of $174.31.

Qualys (NASDAQ:QLYS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by ($0.16). Qualys had a net margin of 28.59% and a return on equity of 39.64%. As a group, equities analysts predict that Qualys will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Qualys

In other Qualys news, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $149.66, for a total value of $1,047,620.00. Following the transaction, the chief executive officer now directly owns 225,453 shares of the company's stock, valued at $33,741,295.98. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bruce K. Posey sold 8,555 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $154.62, for a total value of $1,322,774.10. Following the completion of the sale, the insider now owns 64,032 shares of the company's stock, valued at $9,900,627.84. This trade represents a 11.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,259 shares of company stock worth $4,578,153. Corporate insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Aigen Investment Management LP purchased a new position in Qualys during the third quarter worth about $445,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Qualys by 208.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 86,187 shares of the software maker's stock worth $11,072,000 after buying an additional 58,252 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Qualys by 428.9% during the 3rd quarter. Intech Investment Management LLC now owns 18,256 shares of the software maker's stock valued at $2,345,000 after buying an additional 14,804 shares during the period. Van ECK Associates Corp raised its position in shares of Qualys by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 29,015 shares of the software maker's stock valued at $3,525,000 after buying an additional 8,291 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Qualys by 6.8% in the third quarter. BNP Paribas Financial Markets now owns 63,320 shares of the software maker's stock valued at $8,134,000 after acquiring an additional 4,040 shares during the last quarter. Institutional investors and hedge funds 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.