StockNews.com Begins Coverage on Qualys (NASDAQ:QLYS)

StockNews.com began coverage on shares of Qualys (NASDAQ:QLYS – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the software maker’s stock.

QLYS has been the subject of a number of other reports. Truist Financial dropped their price objective on shares of Qualys from $125.00 to $110.00 in a research note on Monday, January 9th. JPMorgan Chase & Co. started coverage on Qualys in a report on Tuesday, January 24th. They issued an underweight rating and a $109.00 price target for the company. Wolfe Research lowered Qualys from an outperform rating to a peer perform rating in a research note on Monday, February 13th. Morgan Stanley cut their target price on shares of Qualys from $118.00 to $103.00 and set an underweight rating for the company in a research note on Thursday, January 12th. Finally, Needham & Company LLC cut shares of Qualys from a buy rating to a hold rating in a research note on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Qualys presently has a consensus rating of Hold and a consensus price target of $143.20.

Qualys Stock Down 0.6 %

Qualys stock opened at $121.27 on Thursday. The firm’s 50-day simple moving average is $116.30 and its 200 day simple moving average is $125.11. Qualys has a 52 week low of $101.10 and a 52 week high of $162.36. The firm has a market capitalization of $4.49 billion, a PE ratio of 43.94 and a beta of 0.62.

Insider Activity

In related news, insider Bruce K. Posey sold 1,170 shares of the stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $120.33, for a total value of $140,786.10. Following the transaction, the insider now directly owns 62,409 shares of the company’s stock, valued at approximately $7,509,674.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Bruce K. Posey sold 1,170 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $120.33, for a total transaction of $140,786.10. Following the completion of the sale, the insider now owns 62,409 shares in the company, valued at approximately $7,509,674.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce K. Posey sold 3,174 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $122.82, for a total transaction of $389,830.68. Following the sale, the insider now directly owns 61,642 shares of the company’s stock, valued at approximately $7,570,870.44. The disclosure for this sale can be found here. Insiders sold 15,753 shares of company stock valued at $1,826,493 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Qualys

Several large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its stake in shares of Qualys by 3.9% during the first quarter. HighTower Advisors LLC now owns 8,057 shares of the software maker’s stock worth $1,155,000 after purchasing an additional 303 shares in the last quarter. Bank of Montreal Can lifted its position in Qualys by 70.1% during the 1st quarter. Bank of Montreal Can now owns 5,721 shares of the software maker’s stock worth $822,000 after acquiring an additional 2,358 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Qualys in the 1st quarter worth approximately $1,224,000. Rhumbline Advisers grew its position in Qualys by 2.1% in the first quarter. Rhumbline Advisers now owns 91,561 shares of the software maker’s stock valued at $13,039,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Qualys by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,237 shares of the software maker’s stock valued at $1,743,000 after acquiring an additional 1,167 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Qualys Company Profile

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Qualys, Inc engages in the provision of cloud security and compliance solutions. Its products enable organizations to identify security risks to information technology infrastructures, help protect information technology systems and applications from cyber attacks, and achieve compliance with internal policies and external regulations.