Qualys (NASDAQ:QLYS) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Qualys (NASDAQ:QLYS) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Other equities analysts have also recently issued reports about the company. Stephens reaffirmed an equal weight rating and issued a $190.00 price objective on shares of Qualys in a research report on Thursday, February 8th. Robert W. Baird lowered their target price on shares of Qualys from $175.00 to $170.00 and set a neutral rating on the stock in a research note on Wednesday, May 8th. Scotiabank assumed coverage on shares of Qualys in a report on Friday, April 26th. They set a sector perform rating and a $172.00 price objective for the company. TD Cowen initiated coverage on shares of Qualys in a research report on Tuesday, March 26th. They set a market perform rating and a $170.00 price objective on the stock. Finally, Wedbush cut their target price on shares of Qualys from $230.00 to $210.00 and set an outperform rating for the company in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $162.23.

Qualys Stock Down 1.7 %

Shares of NASDAQ:QLYS traded down $2.50 during trading on Friday, hitting $147.12. The stock had a trading volume of 359,860 shares, compared to its average volume of 494,511. The company has a market capitalization of $5.43 billion, a PE ratio of 34.06 and a beta of 0.51. The firm’s fifty day moving average is $163.96 and its 200 day moving average is $175.53. Qualys has a 12 month low of $116.95 and a 12 month high of $206.35.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 723 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $164.76, for a total value of $119,121.48. Following the completion of the transaction, the chief financial officer now directly owns 100,289 shares of the company’s stock, valued at $16,523,615.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Qualys news, CFO Joo Mi Kim sold 723 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $164.76, for a total transaction of $119,121.48. Following the sale, the chief financial officer now directly owns 100,289 shares in the company, valued at $16,523,615.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bruce K. Posey sold 1,430 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $164.91, for a total value of $235,821.30. Following the transaction, the insider now directly owns 63,057 shares in the company, valued at approximately $10,398,729.87. The disclosure for this sale can be found here. Insiders have sold 14,590 shares of company stock valued at $2,419,842 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Qualys

A number of large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its stake in shares of Qualys by 13.9% during the third quarter. Commonwealth Equity Services LLC now owns 3,705 shares of the software maker’s stock valued at $565,000 after buying an additional 452 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Qualys by 2.9% during the third quarter. Yousif Capital Management LLC now owns 16,959 shares of the software maker’s stock valued at $2,587,000 after purchasing an additional 480 shares during the period. Fifth Third Bancorp grew its holdings in shares of Qualys by 54.1% in the third quarter. Fifth Third Bancorp now owns 282 shares of the software maker’s stock worth $43,000 after purchasing an additional 99 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Qualys by 18.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 10,964 shares of the software maker’s stock worth $1,673,000 after buying an additional 1,693 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in Qualys by 74.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,546 shares of the software maker’s stock valued at $693,000 after buying an additional 1,942 shares in the last quarter. 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.