Needham & Company LLC Reaffirms Hold Rating for Qualys (NASDAQ:QLYS)

Needham & Company LLC reiterated their hold rating on shares of Qualys (NASDAQ:QLYS - Free Report) in a research note issued to investors on Monday, Benzinga reports.

Several other brokerages also recently commented on QLYS. Royal Bank of Canada reduced their target price on shares of Qualys from $212.00 to $180.00 and set a sector perform rating on the stock in a research note on Thursday, February 8th. Stephens reaffirmed an equal weight rating and set a $190.00 price objective on shares of Qualys in a research note on Thursday, February 8th. TD Cowen began coverage on shares of Qualys in a research note on Tuesday, March 26th. They issued a market perform rating and a $170.00 target price for the company. Scotiabank began coverage on Qualys in a report on Friday, April 26th. They issued a sector perform rating and a $172.00 target price on the stock. Finally, Truist Financial dropped their price target on Qualys from $175.00 to $165.00 and set a hold rating for the company in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Qualys has an average rating of Hold and a consensus price target of $162.23.

Qualys Stock Down 1.0 %

QLYS traded down $1.51 during trading on Monday, reaching $148.80. 419,050 shares of the company's stock were exchanged, compared to its average volume of 470,636. Qualys has a fifty-two week low of $114.51 and a fifty-two week high of $206.35. The company has a market capitalization of $5.50 billion, a P/E ratio of 34.44 and a beta of 0.51. The business has a 50 day moving average price of $165.44 and a 200 day moving average price of $175.95.

Insider Transactions at Qualys

In related news, CFO Joo Mi Kim sold 723 shares of the 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 completion of the sale, the chief financial officer now directly owns 100,289 shares of the company's stock, valued at approximately $16,523,615.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Joo Mi Kim sold 723 shares of the company's stock in a transaction dated 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 owns 100,289 shares in the company, valued at $16,523,615.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sumedh S. Thakar sold 4,120 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $167.62, for a total transaction of $690,594.40. Following the sale, the chief executive officer now directly owns 194,481 shares in the company, valued at $32,598,905.22. The disclosure for this sale can be found here. Insiders have sold a total of 14,590 shares of company stock valued at $2,419,842 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Qualys

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Qualys by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,839,801 shares of the software maker's stock worth $640,748,000 after acquiring an additional 83,504 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in shares of Qualys by 5.0% during the third quarter. Congress Asset Management Co. MA now owns 1,137,107 shares of the software maker's stock worth $173,466,000 after buying an additional 54,219 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Qualys by 1.5% in the third quarter. Legal & General Group Plc now owns 887,988 shares of the software maker's stock valued at $135,463,000 after acquiring an additional 12,794 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Qualys by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,205 shares of the software maker's stock valued at $145,095,000 after acquiring an additional 21,439 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Qualys by 2.6% in the 3rd quarter. Northern Trust Corp now owns 570,957 shares of the software maker's stock worth $87,099,000 after purchasing an additional 14,273 shares in the last quarter. 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.