JPMorgan Chase & Co. Has Lowered Expectations for Qualys (NASDAQ:QLYS) Stock Price

Qualys (NASDAQ:QLYS - Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $122.00 to $117.00 in a report released on Monday,Benzinga reports. The firm currently has an "underweight" rating on the software maker's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 7.69% from the stock's current price.

Other analysts also recently issued reports about the company. StockNews.com upgraded Qualys from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Royal Bank of Canada lowered their price target on shares of Qualys from $162.00 to $135.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Loop Capital cut their price objective on shares of Qualys from $150.00 to $140.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Jefferies Financial Group lowered their target price on Qualys from $145.00 to $130.00 and set a "hold" rating for the company in a report on Monday, March 31st. Finally, Scotiabank cut their price target on Qualys from $150.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $140.53.

Qualys Price Performance

QLYS stock opened at $126.75 on Monday. Qualys has a 12 month low of $112.61 and a 12 month high of $172.70. The firm's 50-day moving average is $126.80 and its 200 day moving average is $135.93. The company has a market capitalization of $4.62 billion, a PE ratio of 27.26 and a beta of 0.71.

Qualys (NASDAQ:QLYS - Get Free Report) last issued 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%. Sell-side analysts forecast that Qualys will post 3.85 EPS for the current fiscal year.

Insider Transactions at Qualys

In other Qualys news, CFO Joo Mi Kim sold 4,487 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $140.00, for a total transaction of $628,180.00. Following the sale, the chief financial officer now owns 112,757 shares in the company, valued at approximately $15,785,980. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sumedh S. Thakar sold 7,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $142.17, for a total value of $995,190.00. Following the completion of the transaction, the chief executive officer now owns 246,144 shares of the company's stock, valued at approximately $34,994,292.48. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,138 shares of company stock worth $3,519,970. Company insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Qualys

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Qualys during the 4th quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new position in Qualys during the fourth quarter valued at $39,000. Quadrant Capital Group LLC boosted its holdings in Qualys by 88.1% in the fourth quarter. Quadrant Capital Group LLC now owns 333 shares of the software maker's stock valued at $47,000 after purchasing an additional 156 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Qualys in the fourth quarter valued at $54,000. Finally, Fifth Third Bancorp grew its position in Qualys by 33.9% during the 4th quarter. Fifth Third Bancorp now owns 391 shares of the software maker's stock worth $55,000 after purchasing an additional 99 shares during the period. 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.

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